Pimco Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Monday, June 3rd, NASDAQ reports. Investors of record on Thursday, June 13th will be paid a dividend of 0.051 per share by the investment management company on Monday, July 1st. This represents a $0.61 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Wednesday, June 12th.
Pimco Municipal Income Fund III has raised its dividend by an average of 1.4% per year over the last three years.
Shares of PMX stock opened at $12.46 on Tuesday. Pimco Municipal Income Fund III has a 1 year low of $10.76 and a 1 year high of $13.00.
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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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