PIMCO New York Municipal Income Fund III Announces Monthly Dividend of $0.04 (NYSE:PNI)

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PIMCO New York Municipal Income Fund III (NYSE:PNI) announced a monthly dividend on Thursday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 13th will be given a dividend of 0.04 per share on Monday, November 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, October 9th.

PIMCO New York Municipal Income Fund III has decreased its dividend by 35.5% over the last three years and has raised its dividend annually for the last 1 consecutive years.

Shares of NYSE:PNI traded down $0.04 during mid-day trading on Friday, hitting $10.63. The company had a trading volume of 14,960 shares, compared to its average volume of 27,964. The firm has a fifty day moving average price of $10.89 and a 200 day moving average price of $10.35. PIMCO New York Municipal Income Fund III has a one year low of $7.08 and a one year high of $12.79.

About PIMCO New York Municipal Income Fund III

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.

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Dividend History for PIMCO New York Municipal Income Fund III (NYSE:PNI)

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