PIMCO Municipal Income Fund III (NYSE:PMX) to Issue $0.03 Monthly Dividend

PIMCO Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, January 13th will be paid a dividend of 0.033 per share by the investment management company on Monday, February 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Monday, January 13th.

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

PIMCO Municipal Income Fund III Price Performance

Shares of PIMCO Municipal Income Fund III stock traded up $0.01 during mid-day trading on Friday, hitting $7.44. 75,900 shares of the stock were exchanged, compared to its average volume of 76,450. PIMCO Municipal Income Fund III has a 12 month low of $7.02 and a 12 month high of $8.52. The company has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $7.86.

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.