PIMCO Municipal Income Fund III (PMX) to Issue Monthly Dividend of $0.03 on May 1st

PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.033 per share by the investment management company on Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Friday, April 11th.

PIMCO Municipal Income Fund III has decreased its dividend payment by an average of 10.5% annually over the last three years.

PIMCO Municipal Income Fund III Price Performance

Shares of PMX opened at $7.07 on Friday. PIMCO Municipal Income Fund III has a 12-month low of $7.06 and a 12-month high of $8.52. The firm has a 50-day moving average price of $7.34 and a 200 day moving average price of $7.62.

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.