Pimco Municipal Income Fund III (NYSE:PMX) Plans Monthly Dividend of $0.05

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Pimco Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Thursday, October 1st, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Friday, October 9th.

Pimco Municipal Income Fund III has decreased its dividend payment by 16.6% over the last three years and has increased its dividend every year for the last 1 years.

Shares of NYSE PMX traded up $0.24 during midday trading on Friday, hitting $11.65. The stock had a trading volume of 97,659 shares, compared to its average volume of 90,822. The stock has a 50 day simple moving average of $11.48 and a 200-day simple moving average of $11.10. Pimco Municipal Income Fund III has a 1 year low of $8.50 and a 1 year high of $12.96.

About Pimco Municipal Income Fund III

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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Dividend History for Pimco Municipal Income Fund III (NYSE:PMX)

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