Cash Dividend On The Way From PIMCO Municipal Income Fund III (PMX)

Looking at the universe of stocks we cover at Dividend Channel, on 11/10/14, PIMCO Municipal Income Fund III (PMX) will trade ex-dividend, for its monthly dividend of $0.0623, payable on 12/1/14. As a percentage of PMX's recent stock price of $10.99, this dividend works out to approximately 0.57%, so look for shares of PIMCO Municipal Income Fund III to trade 0.57% lower — all else being equal — when PMX shares open for trading on 11/10/14.

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Below is a dividend history chart for PMX, showing historical dividends prior to the most recent $0.0623 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 6.80% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of PMX shares, versus its 200 day moving average:

PIMCO Municipal Income Fund III 200 Day Moving Average Chart

Looking at the chart above, PMX's low point in its 52 week range is $9.80 per share, with $11.24 as the 52 week high point — that compares with a last trade of $10.99.

In Thursday trading, PIMCO Municipal Income Fund III shares are currently up about 0.4% on the day.

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