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

PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be paid a dividend of 0.033 per share by the investment management company on Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, May 10th.

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

PIMCO Municipal Income Fund III Stock Down 0.3 %

Shares of NYSE PMX opened at $7.52 on Thursday. The company has a fifty day moving average price of $7.48 and a 200 day moving average price of $7.32. 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.