PIMCO Municipal Income Fund III (PMX) to Issue Monthly Dividend of $0.03 on February 3rd

PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Monday, January 13th will be given 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 yield of 5.48%. The ex-dividend date of this dividend is Monday, January 13th.

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 Stock Performance

PIMCO Municipal Income Fund III stock opened at $7.22 on Friday. PIMCO Municipal Income Fund III has a 1 year low of $7.02 and a 1 year high of $8.52. The firm’s 50 day moving average price is $7.63 and its two-hundred day moving average price is $7.85.

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.