PIMCO Municipal Income Fund III (NYSE:PMX – Get Free Report) declared a monthly dividend on Monday, May 5th, Wall Street Journal reports. Shareholders of record on Monday, May 12th will be given a dividend of 0.033 per share by the investment management company on Monday, June 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date is Monday, May 12th.
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 NYSE:PMX opened at $7.00 on Wednesday. The company’s fifty day moving average is $7.02 and its two-hundred day moving average is $7.38. PIMCO Municipal Income Fund III has a 1-year low of $6.37 and a 1-year 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.
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