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.

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

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