Cash Dividend On The Way From PIMCO New York Municipal Income Fund III (PYN)

Looking at the universe of stocks we cover at Dividend Channel, on 4/9/13, PIMCO New York Municipal Income Fund III ( PYN) PYN will trade ex-dividend, for its monthly dividend of $0.0525, payable on 5/1/13. As a percentage of PYN's recent stock price of $10.25, this dividend works out to approximately 0.51%, so look for shares of PIMCO New York Municipal Income Fund III to trade 0.51% lower — all else being equal — when PYN shares open for trading on 4/9/13.

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Below is a dividend history chart for PYN, showing historical dividends prior to the most recent $0.0525 declared by PIMCO New York Municipal Income Fund III:

PYN+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PYN is likely to continue, and whether the current estimated yield of 6.15% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, PIMCO New York Municipal Income Fund III shares are currently up about 0.3% on the day.
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