Pimco Municipal Income Fund III (NYSE:PMX) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.50 and traded as low as $12.41. Pimco Municipal Income Fund III shares last traded at $12.41, with a volume of 52,258 shares.
The business has a fifty day moving average of $12.50 and a 200-day moving average of $12.58.
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 13th will be issued a dividend of $0.046 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.55 dividend on an annualized basis and a yield of 4.45%.
About Pimco Municipal Income Fund III (NYSE:PMX)
PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax.
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