PIMCO Municipal Income Fund III (NYSE:PMX – Get Free Report) announced a monthly dividend on Tuesday, October 1st, NASDAQ reports. Stockholders of record on Friday, October 11th will be paid a dividend of 0.033 per share by the investment management company on Friday, November 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, October 11th.
PIMCO Municipal Income Fund III has decreased its dividend payment by an average of 10.5% per year over the last three years.
PIMCO Municipal Income Fund III Stock Down 2.1 %
PIMCO Municipal Income Fund III stock traded down $0.18 during mid-day trading on Wednesday, reaching $8.34. 165,621 shares of the company were exchanged, compared to its average volume of 97,522. PIMCO Municipal Income Fund III has a twelve month low of $6.09 and a twelve month high of $8.52. The firm’s 50-day simple moving average is $7.97 and its two-hundred day simple moving average is $7.71.
PIMCO Municipal Income Fund III Company Profile
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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