Pimco Municipal Income Fund III Declares Monthly Dividend of $0.06 (PMX)
Pimco Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Monday, November 13th will be given a dividend of 0.0558 per share by the investment management company on Friday, December 1st. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Friday, November 10th.
Pimco Municipal Income Fund III has decreased its dividend payment by an average of 6.6% per year over the last three years.
Shares of Pimco Municipal Income Fund III (NYSE:PMX) opened at $11.71 on Friday. Pimco Municipal Income Fund III has a 12 month low of $10.82 and a 12 month high of $12.28.
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Pimco Municipal Income Fund III Company Profile
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.
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