PIMCO New York Municipal Income Fund III (NYSE:PNI) Raises Dividend to $0.04 Per Share

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PIMCO New York Municipal Income Fund III (NYSE:PNI) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.04 per share on Thursday, January 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Wednesday, December 11th. This is an increase from PIMCO New York Municipal Income Fund III’s previous monthly dividend of $0.04.

Shares of NYSE:PNI opened at $12.12 on Monday. PIMCO New York Municipal Income Fund III has a fifty-two week low of $10.43 and a fifty-two week high of $12.45. The company has a 50-day moving average price of $11.90.

In related news, insider Watson Alan 14,322 shares of the firm’s stock in a transaction dated Friday, November 15th.

PIMCO New York Municipal Income Fund III Company Profile

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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