Pimco Municipal Income Fund III (NYSE:PMX) 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 0.0507 per share by the investment management company on Thursday, January 2nd. This represents a $0.61 annualized dividend and a yield of 4.77%. The ex-dividend date is Wednesday, December 11th.
PMX traded down $0.01 during trading hours on Wednesday, hitting $12.75. The company’s stock had a trading volume of 28,209 shares, compared to its average volume of 56,011. Pimco Municipal Income Fund III has a fifty-two week low of $10.88 and a fifty-two week high of $13.00. The company has a 50-day simple moving average of $12.61 and a 200 day simple moving average of $12.52.
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.
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