PIMCO Municipal Income Fund III Declares Monthly Dividend of $0.03 (NYSE:PMX)

PIMCO Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Thursday, July 11th will be given a dividend of 0.033 per share by the investment management company on Thursday, August 1st. This represents a $0.40 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Thursday, July 11th.

PIMCO Municipal Income Fund III has decreased its dividend payment by an average of 10.5% annually over the last three years.

PIMCO Municipal Income Fund III Price Performance

Shares of PMX traded up $0.06 during trading hours on Tuesday, reaching $7.83. The company’s stock had a trading volume of 108,618 shares, compared to its average volume of 99,275. The company has a 50 day moving average of $7.53 and a two-hundred day moving average of $7.47. PIMCO Municipal Income Fund III has a 1-year low of $6.09 and a 1-year high of $8.13.

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.