Pimco Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Thursday, January 2nd, Zacks reports. Stockholders of record on Monday, January 13th will be given a dividend of 0.046 per share by the investment management company on Monday, February 3rd. This represents a $0.55 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, January 10th.
Pimco Municipal Income Fund III has decreased its dividend by an average of 6.6% annually over the last three years and has increased its dividend every year for the last 1 years.
Shares of PMX stock opened at $12.52 on Thursday. Pimco Municipal Income Fund III has a fifty-two week low of $11.35 and a fifty-two week high of $13.00. The firm’s 50 day moving average price is $12.58 and its two-hundred day moving average price is $12.56.
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.
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