PIMCO Municipal Income Fund III (NYSE:PMX) to Issue $0.03 Monthly Dividend

PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Thursday, February 13th will be paid a dividend of 0.033 per share by the investment management company on Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Thursday, February 13th.

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

PIMCO Municipal Income Fund III Stock Performance

PMX stock opened at $7.46 on Tuesday. PIMCO Municipal Income Fund III has a fifty-two week low of $7.09 and a fifty-two week high of $8.52. The company’s 50 day moving average price is $7.42 and its 200 day moving average price is $7.79.

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.