PIMCO Municipal Income Fund III (NYSE:PMX – Get Free Report) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be paid a dividend of 0.033 per share by the investment management company on Monday, June 3rd. This represents a $0.40 annualized dividend and a yield of 5.25%. The ex-dividend date is Friday, May 10th.
PIMCO Municipal Income Fund III has decreased its dividend by an average of 10.5% annually over the last three years.
PIMCO Municipal Income Fund III Stock Performance
Shares of PMX opened at $7.54 on Wednesday. PIMCO Municipal Income Fund III has a 12 month low of $6.09 and a 12 month high of $8.13. The stock’s 50-day moving average is $7.48 and its two-hundred day moving average is $7.32.
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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