PIMCO Municipal Income Fund III (NYSE:PMX) Announces $0.05 Monthly Dividend

PIMCO Municipal Income Fund III (NYSE:PMXGet Rating) announced a monthly dividend on Monday, May 2nd, Zacks reports. Stockholders of record on Thursday, May 12th will be paid a dividend of 0.046 per share by the investment management company on Wednesday, June 1st. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Wednesday, May 11th.

Shares of PIMCO Municipal Income Fund III stock opened at $9.04 on Monday. The company has a 50 day moving average of $10.07 and a 200-day moving average of $11.26. PIMCO Municipal Income Fund III has a 1-year low of $9.02 and a 1-year high of $13.30.

Several institutional investors have recently modified their holdings of PMX. Albion Financial Group UT bought a new stake in shares of PIMCO Municipal Income Fund III during the 4th quarter worth approximately $172,000. LPL Financial LLC lifted its holdings in shares of PIMCO Municipal Income Fund III by 13.0% during the 3rd quarter. LPL Financial LLC now owns 39,598 shares of the investment management company’s stock worth $496,000 after acquiring an additional 4,567 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of PIMCO Municipal Income Fund III by 10.3% during the 4th quarter. Wells Fargo & Company MN now owns 53,355 shares of the investment management company’s stock worth $680,000 after acquiring an additional 4,999 shares during the period.

PIMCO Municipal Income Fund III Company Profile (Get Rating)

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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Dividend History for PIMCO Municipal Income Fund III (NYSE:PMX)

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