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

PIMCO New York Municipal Income Fund III (NYSE:PNI) declared a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Investors of record on Friday, September 13th will be paid a dividend of 0.04 per share on Tuesday, October 1st. This represents a $0.48 annualized dividend and a yield of 4.01%. The ex-dividend date is Thursday, September 12th.

PIMCO New York Municipal Income Fund III has decreased its dividend payment by an average of 8.5% annually over the last three years.

NYSE:PNI traded up $0.01 during midday trading on Thursday, hitting $11.96. The company had a trading volume of 1,835 shares, compared to its average volume of 19,615. PIMCO New York Municipal Income Fund III has a 52-week low of $10.37 and a 52-week high of $12.39.



In other PIMCO New York Municipal Income Fund III news, major shareholder Of America Corp /De/ Bank sold 5,370 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $11.78, for a total value of $63,258.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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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