PIMCO New York Municipal Income Fund III (NYSE:PNI) Announces Monthly Dividend of $0.04

PIMCO New York Municipal Income Fund III (NYSE:PNI) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Thursday, December 12th will be given a dividend of 0.04 per share on Thursday, January 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Wednesday, December 11th. This is a boost from PIMCO New York Municipal Income Fund III’s previous monthly dividend of $0.04.

PIMCO New York Municipal Income Fund III stock traded down $0.07 during midday trading on Wednesday, reaching $12.05. 8,300 shares of the stock were exchanged, compared to its average volume of 18,412. The firm has a fifty day simple moving average of $11.89. PIMCO New York Municipal Income Fund III has a 52 week low of $10.43 and a 52 week high of $12.45.

In other PIMCO New York Municipal Income Fund III news, insider Watson Alan 14,322 shares of the business’s stock in a transaction on Friday, November 15th.

About PIMCO New York Municipal Income Fund III

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.

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