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

PIMCO Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.033 per share by the investment management company on Tuesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Thursday, March 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 traded down $0.07 during trading hours on Tuesday, hitting $7.44. 109,706 shares of the stock traded hands, compared to its average volume of 91,173. PIMCO Municipal Income Fund III has a one year low of $7.09 and a one year high of $8.52. The firm’s 50-day moving average price is $7.36 and its two-hundred day moving average price is $7.75.

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.