Pimco Municipal Income Fund III (PMX) Announces $0.06 Monthly Dividend
Pimco Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Thursday, September 7th, Wall Street Journal reports. Investors of record on Monday, September 11th will be paid a dividend of 0.0558 per share by the investment management company on Monday, October 2nd. This represents a $0.67 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Friday, September 8th.
Pimco Municipal Income Fund III has decreased its dividend by an average of 6.6% annually over the last three years.
Shares of Pimco Municipal Income Fund III (NYSE:PMX) traded up 0.17% during mid-day trading on Thursday, reaching $12.14. The company had a trading volume of 4,830 shares. The company has a 50 day moving average price of $11.93 and a 200 day moving average price of $11.62. Pimco Municipal Income Fund III has a one year low of $10.82 and a one year high of $12.93.
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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.
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