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

PIMCO Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be given a dividend of 0.033 per share by the investment management company on Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Friday, April 11th.

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

PIMCO Municipal Income Fund III stock opened at $6.67 on Wednesday. PIMCO Municipal Income Fund III has a fifty-two week low of $6.63 and a fifty-two week high of $8.52. The firm’s fifty day moving average price is $7.30 and its 200-day moving average price is $7.59.

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.