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

PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Tuesday, October 1st, NASDAQ reports. Investors of record on Friday, October 11th will be given 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 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 Price Performance

PMX opened at $8.34 on Thursday. The firm has a 50 day simple moving average of $7.99 and a 200 day simple moving average of $7.72. PIMCO Municipal Income Fund III has a fifty-two week low of $6.09 and a fifty-two week high of $8.52.

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.