PIMCO Municipal Income Fund III (PMX)
| Market Value | 243.24M |
| Revenue (ttm) | 21.88M |
| Net Income (ttm) | 4.62M |
| Shares Out | 33.46M |
| EPS (ttm) | 0.14 |
| PE Ratio | 52.61 |
| Forward PE | n/a |
| Dividend | $0.40 (5.45%) |
| Ex-Dividend Date | Dec 12, 2024 |
| Volume | 264,146 |
| Open | 7.26 |
| Previous Close | 7.25 |
| Day's Range | 7.18 - 7.28 |
| 52-Week Range | 7.02 - 8.52 |
| Beta | 0.80 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About PMX
PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax. PIMCO Municipal Income Fund III was formed on October 31, 2002 and is domiciled in United States. [Read more]
News
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution fo...
PIMCO CEF Update: Muni Coverage And The Premium Mystery
We take a look at the PIMCO CEFs coverage, valuation, and performance. Distribution coverage for PIMCO's Muni CEFs has surged, coinciding to the retirement of auction-rate preferreds, but the increase...
PMX And HTD: Providing Tax-Advantaged Income
PMX And HTD: Providing Tax-Advantaged Income
PMX: This Muni CEF Still Looks Attractive
The article evaluates the PIMCO Municipal Income Fund III (NYSE: PMX) as an investment option in the muni space. PMX has a wide discount to NAV and is markedly cheaper than its sister funds from PIMCO...
Pimco Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution f...
PMX: Momentum And Relative Valuation Continue To Make This Muni Fund A Buy
PIMCO Municipal Income Fund III is evaluated as an investment option. At first glance, this fund offers value compared to PIMCO's other national muni CEF offerings. The fund is long on Texas muni bond...
PIMCO Municipal Income Fund III: A Solid Closed-End Fund Holding
PIMCO Municipal Income Fund III has an NAV distribution yield of 4.89% and a market price distribution yield of 5.43%. I use a 14 factor framework to evaluate municipal bond CEFs.
The Month In Closed-End Funds: November 2023
For the first month in four, both equity (+6.05% on a NAV basis) and fixed income (+5.81%) CEFs on average posted handsome plus-side returns. At month end, 9% of all CEFs traded at a premium to their ...
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution f...
PMX: Relative Value And High Yield Could Make A Buy For Right Investor
PMX has seen a sharp drop in share price since my last review, offering investors a much more attractive buy-in opportunity today. The valuation of PMX has improved, with the current market price repr...
Certain PIMCO Closed-End Funds Announce Tender Offers for Auction Rate Preferred Shares
NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- PIMCO Corporate & Income Opportunity Fund (NYSE: PTY), PIMCO Corporate & Income Strategy Fund (NYSE: PCN), PIMCO High Income Fund (NYSE: PHK), PIMCO Income ...
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, July 03, 2023 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution fo...
The Month In Closed-End Funds: March 2023
For the second consecutive month, equity CEFs (-0.26%) on average witnessed negative performance while their fixed income CEF cohorts (+0.87%) posted gains for the second month in three. At month end,...
Municipal Bond CEFs: Surprise, Surprise, PIMCO Finally Cuts Muni Bond CEF Distributions
It was only a matter of time. PIMCO's 3 national municipal bond CEFs were having some of the worst NAV performances of all muni bond CEFs over the past year. And yet, PIMCO had been maintaining their ...
PMX: The Value Play Has Evaporated
I liked what I saw in PMX in both isolation and in relative terms when I covered the fund in October. Since then it has seen a healthy gain. Such super-charged returns always give me pause. In the cas...
PIMCO Has 3 National Muni CEFs; PMX Is The Best Value Right Now
PMX has had a rough year, markedly under-performing other muni CEFs that I follow. Given this sharp sell-off, value has started to emerge. It still trades at a premium price, but that premium is well ...
CEF Report August 2022 - CEFs Continue In Rally Mode, But For How Long?
Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationar...
PMF And PMX: Comparing 2 PIMCO Muni CEFs
PMF is the PIMCO Municipal Income Fund, is the first in a series of three related national municipal bond CEFs. Since PMX started, PMF has performed better. PMX is the PIMCO Municipal Income Fund III,...
Muni Bond CEFs: PIMCO Or Nuveen? The Choice Is Obvious In This Market Environment
I don't quite understand who would be buying the PIMCO National municipal bond CEFs over the Nuveen national muni bond CEFs right now. These two fund sponsors of municipal bond closed-end funds are pr...
The Month In Closed-End Funds: November 2021
For the second month in three, equity CEFs on average witnessed negative returns, falling 2.61% on a NAV basis for November.
PIMCO May Update - The Bottom Falls Out
Not much has changed in the last month since our April update except that coverage ratios plummeted during the month. A lot of that is due to currency moves. The dollar fell significantly against the ...