PIMCO Municipal Income Fund III (NYSE:PMX) Plans $0.03 Monthly Dividend

PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Monday, January 13th will be paid a dividend of 0.033 per share by the investment management company on Monday, February 3rd. This represents a $0.40 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Monday, January 13th.

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 Trading Up 0.1 %

Shares of PMX stock traded up $0.01 on Friday, reaching $7.44. The company’s stock had a trading volume of 75,900 shares, compared to its average volume of 76,450. The stock’s fifty day simple moving average is $7.68 and its 200-day simple moving average is $7.86. PIMCO Municipal Income Fund III has a 1 year low of $7.02 and a 1 year high of $8.52.

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.