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

PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, August 12th will be given a dividend of 0.033 per share by the investment management company on Tuesday, September 3rd. This represents a $0.40 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Monday, August 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

PMX stock traded up $0.03 during midday trading on Friday, hitting $7.83. 97,498 shares of the company’s stock were exchanged, compared to its average volume of 97,783. PIMCO Municipal Income Fund III has a 12-month low of $6.09 and a 12-month high of $8.07. The firm has a 50 day moving average price of $7.70 and a 200-day moving average price of $7.54.

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.