PIMCO New York Municipal Income Fund III (PNI) to Issue Monthly Dividend of $0.04 on December 2nd

PIMCO New York Municipal Income Fund III (NYSE:PNI) announced a monthly dividend on Friday, November 1st, Zacks reports. Stockholders of record on Tuesday, November 12th will be given 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 is Friday, November 8th.

Shares of PNI stock traded up $0.24 during mid-day trading on Wednesday, hitting $11.91. 35,683 shares of the company’s stock were exchanged, compared to its average volume of 19,044. 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 simple moving average of $11.89.

In other news, major shareholder Of America Corp /De/ Bank sold 5,370 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $11.78, for a total transaction of $63,258.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

About PIMCO New York Municipal Income Fund III

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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