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 paid a dividend of 0.0507 per share by the investment management company on Thursday, January 2nd. This represents a $0.61 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, December 11th.
PMX stock traded up $0.06 during midday trading on Friday, hitting $12.67. The company’s stock had a trading volume of 1,186 shares, compared to its average volume of 56,204. The stock’s 50-day moving average price is $12.61 and its 200 day moving average price is $12.52. Pimco Municipal Income Fund III has a 1 year low of $10.88 and a 1 year high of $13.00.
Pimco Municipal Income Fund III Company Profile
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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