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

PIMCO Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be given a dividend of 0.033 per share by the investment management company on Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Friday, April 11th.

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 Trading Up 0.5 %

Shares of PIMCO Municipal Income Fund III stock traded up $0.03 during trading on Thursday, hitting $7.23. The stock had a trading volume of 111,457 shares, compared to its average volume of 103,055. PIMCO Municipal Income Fund III has a fifty-two week low of $7.07 and a fifty-two week high of $8.52. The business has a fifty day moving average of $7.34 and a two-hundred day moving average of $7.63.

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.