Somewhat Positive News Coverage Somewhat Unlikely to Affect Pimco Municipal Income Fund III (PMX) Share Price
Media stories about Pimco Municipal Income Fund III (NYSE:PMX) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pimco Municipal Income Fund III earned a coverage optimism score of 0.00 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 45.8187849071157 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Pimco Municipal Income Fund III (NYSE:PMX) traded up 0.34% during midday trading on Friday, hitting $11.98. The company had a trading volume of 37,775 shares. Pimco Municipal Income Fund III has a 12 month low of $10.82 and a 12 month high of $12.87. The company has a 50-day moving average of $11.95 and a 200-day moving average of $11.65.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be given a $0.0558 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.67 annualized dividend and a yield of 5.58%.
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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