Pimco Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Thursday, January 2nd, Zacks reports. Shareholders of record on Monday, January 13th will be given a dividend of 0.046 per share by the investment management company on Monday, February 3rd. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, January 10th.
Pimco Municipal Income Fund III has decreased its dividend payment by an average of 6.6% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
Shares of PMX traded up $0.02 during mid-day trading on Wednesday, reaching $12.62. The stock had a trading volume of 13,849 shares, compared to its average volume of 100,425. Pimco Municipal Income Fund III has a 12 month low of $11.27 and a 12 month high of $13.00. The business has a fifty day moving average of $12.60 and a 200 day moving average of $12.56.
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.
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