PIMCO Municipal Income Fund III (NYSE:PMX – Get Free Report) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Thursday, July 11th will be paid a dividend of 0.033 per share by the investment management company on Thursday, August 1st. This represents a $0.40 annualized dividend and a yield of 5.06%. The ex-dividend date is Thursday, July 11th.
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 Price Performance
Shares of PMX stock traded up $0.06 on Tuesday, hitting $7.83. The stock had a trading volume of 108,618 shares, compared to its average volume of 99,275. The stock’s 50 day moving average is $7.53 and its 200-day moving average is $7.47. PIMCO Municipal Income Fund III has a 52-week low of $6.09 and a 52-week high of $8.13.
About PIMCO Municipal Income Fund III
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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