PIMCO Municipal Income Fund III (PMX) to Issue Monthly Dividend of $0.06 on January 2nd

PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Monday, December 11th will be given a dividend of 0.0558 per share by the investment management company on Tuesday, January 2nd. This represents a $0.67 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Friday, December 8th.

PIMCO Municipal Income Fund III has decreased its dividend payment by an average of 6.6% annually over the last three years.

Shares of PIMCO Municipal Income Fund III (NYSE:PMX) opened at $11.90 on Thursday. PIMCO Municipal Income Fund III has a 1 year low of $11.00 and a 1 year high of $12.28.

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About PIMCO Municipal Income Fund III

PIMCO Municipal Income Fund III (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.

Dividend History for PIMCO Municipal Income Fund III (NYSE:PMX)

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