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

PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 5.47%. The ex-dividend date is Friday, April 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 Trading Up 0.5 %

PMX traded up $0.03 during trading on Thursday, hitting $7.23. The company had a trading volume of 111,457 shares, compared to its average volume of 103,055. The business has a 50-day moving average of $7.34 and a 200-day moving average of $7.63. PIMCO Municipal Income Fund III has a 1-year low of $7.07 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.