PIMCO New York Municipal Income Fund III (NYSE:PNI) declared a monthly dividend on Friday, November 1st, Zacks reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.04 per share on Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, November 8th.
Shares of NYSE:PNI traded up $0.24 during midday trading on Wednesday, hitting $11.91. 1,419 shares of the company’s stock were exchanged, compared to its average volume of 18,966. The business’s 50 day moving average price is $11.89. PIMCO New York Municipal Income Fund III has a 12 month low of $10.43 and a 12 month high of $12.45.
In other PIMCO New York Municipal Income Fund III news, major shareholder Of America Corp /De/ Bank bought 5,370 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $11.83 per share, with a total value of $63,527.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.
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