PIMCO Municipal Income Fund III About To Put More Money In Your Pocket (PMX)

Looking at the universe of stocks we cover at Dividend Channel, on 4/9/13, PIMCO Municipal Income Fund III ( PMX) PMX will trade ex-dividend, for its monthly dividend of $0.07, payable on 5/1/13. As a percentage of PMX's recent stock price of $12.55, this dividend works out to approximately 0.56%, so look for shares of PIMCO Municipal Income Fund III to trade 0.56% lower — all else being equal — when PMX shares open for trading on 4/9/13.

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Below is a dividend history chart for PMX, showing historical dividends prior to the most recent $0.07 declared by PIMCO Municipal Income Fund III:

PMX+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 PMX is likely to continue, and whether the current estimated yield of 6.69% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, PIMCO Municipal Income Fund III shares are currently up about 0.2% on the day.
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