PIMCO Municipal Income (NYSE:PMX) declared a monthly dividend on Wednesday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, May 11th will be given a dividend of 0.0558 per share by the investment management company on Friday, June 1st. This represents a $0.67 annualized dividend and a yield of 5.86%. The ex-dividend date is Thursday, May 10th.
PIMCO Municipal Income has decreased its dividend payment by an average of 1.6% per year over the last three years.
NYSE PMX traded down $0.02 on Wednesday, hitting $11.42. The stock had a trading volume of 400 shares, compared to its average volume of 71,873. PIMCO Municipal Income has a 52-week low of $11.40 and a 52-week high of $11.42.
About PIMCO Municipal Income
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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