PIMCO New York Municipal Income Fund III (NYSE:PNI) declared a monthly dividend on Thursday, October 1st, Zacks reports. Investors of record on Tuesday, October 13th will be paid a dividend of 0.04 per share on Monday, November 2nd. This represents a $0.48 annualized dividend and a 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 increased its dividend every year for the last 1 years.
NYSE:PNI traded down $0.04 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 50 day moving average of $10.89 and a two-hundred day moving average of $10.35. PIMCO New York Municipal Income Fund III has a 52 week low of $7.08 and a 52 week high of $12.79.
PIMCO New York Municipal Income Fund III Company Profile
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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