Pimco Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Thursday, October 1st, Zacks reports. Investors of record on Tuesday, October 13th will be given a dividend of 0.046 per share by the investment management company on Monday, November 2nd. This represents a $0.55 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, October 9th.
Pimco Municipal Income Fund III has decreased its dividend by 16.6% over the last three years and has increased its dividend every year for the last 1 years.
PMX traded up $0.24 during midday trading on Friday, reaching $11.65. 97,659 shares of the company’s stock were exchanged, compared to its average volume of 90,822. Pimco Municipal Income Fund III has a one year low of $8.50 and a one year high of $12.96. The business has a 50-day simple moving average of $11.48 and a two-hundred day simple moving average of $11.10.
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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