Pimco Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.0558 per share by the investment management company on Thursday, February 1st. This represents a $0.67 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend is Thursday, January 11th.
Pimco Municipal Income Fund III has decreased its dividend by an average of 1.6% annually over the last three years.
Pimco Municipal Income Fund III (NYSE PMX) traded down $0.02 during trading hours on Wednesday, hitting $11.71. 52,500 shares of the stock traded hands, compared to its average volume of 61,783. Pimco Municipal Income Fund III has a one year low of $11.00 and a one year high of $12.28.
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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