PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.0558 per share by the investment management company on Tuesday, January 2nd. This represents a $0.67 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Friday, December 8th.
PIMCO Municipal Income Fund III has decreased its dividend by an average of 6.6% per year over the last three years.
PIMCO Municipal Income Fund III (PMX) traded up $0.05 during trading on Wednesday, hitting $11.74. 50,479 shares of the stock traded hands, compared to its average volume of 66,872. PIMCO Municipal Income Fund III has a twelve month low of $11.00 and a twelve month high of $12.28.
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PIMCO Municipal Income Fund III Company Profile
PIMCO Municipal Income Fund III (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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