PIMCO Municipal Income Fund III (PMX)

NYSE: PMX · Real-Time Price · USD
7.85
-0.02 (-0.25%)
Dec 9, 2024, 4:00 PM EST - Market closed
-0.25%
Market Value 262.65M
Revenue (ttm) 21.88M
Net Income (ttm) 4.62M
Shares Out 33.46M
EPS (ttm) 0.14
PE Ratio 56.96
Forward PE n/a
Dividend $0.40 (5.03%)
Ex-Dividend Date Nov 12, 2024
Volume 118,240
Open 7.84
Previous Close 7.87
Day's Range 7.82 - 7.91
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]

Sector Financials
Founded 2002
Country United States
Stock Exchange NYSE
Ticker Symbol PMX
Full Company Profile

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...

Other symbols: PAXSPCKPCMPCNPCQPDIPDO
7 days ago - GlobeNewsWire

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...

Other symbols: NADPDOPDXPGPPHKPMFPML
7 weeks ago - Seeking Alpha

PMX And HTD: Providing Tax-Advantaged Income

PMX And HTD: Providing Tax-Advantaged Income

Other symbols: HTD
2 months ago - Seeking Alpha

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...

7 months ago - Seeking Alpha

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...

Other symbols: PAXSPCKPCMPCNPCQPDIPDO
10 months ago - GlobeNewsWire

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...

10 months ago - Seeking Alpha

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.

11 months ago - Seeking Alpha

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 ...

Other symbols: IGRKFMAVMXEPCKRQITWN
1 year ago - Seeking Alpha

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...

Other symbols: PAXSPCKPCMPCNPCQPDIPDO
1 year ago - GlobeNewsWire

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...

1 year ago - Seeking Alpha

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 ...

Other symbols: PCKPCNPCQPFLPFNPHKPMF
1 year ago - GlobeNewsWire

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...

Other symbols: PAXSPCKPCMPCNPCQPDIPDO
1 year ago - GlobeNewsWire

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,...

Other symbols: ASAEDDEOSGGNGNTPCKPMF
1 year ago - Seeking Alpha

PIMCO California Muni CEFs Teach A Lesson On Valuation

PIMCO California muni funds teach a lesson on CEF valuation. The most expensive fund declined by the most after the cut.

Other symbols: PCKPCQPMFPMLPNFPNIPYN
2 years ago - Seeking Alpha

Weekly Closed-End Fund Roundup: PIMCO Muni CEF Distribution Cuts (January 1, 2023)

3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut.

Other symbols: ACPAGDASGIBDJCHYETVGCV
2 years ago - Seeking Alpha

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 ...

Other symbols: MYIPMFPML
2 years ago - Seeking Alpha

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...

2 years ago - Seeking Alpha

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 ...

2 years ago - Seeking Alpha

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...

2 years ago - Seeking Alpha

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,...

Other symbols: PMF
2 years ago - Seeking Alpha

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...

Other symbols: NADNEANVGNZFPMFPML
2 years ago - Seeking Alpha

PIMCO CEFs Update: The Merger Is Nearly Complete As Buying Opportunities Are All Around

Right now is one of the best times to get into what is typically thought of as the best-in-breed of the CEF world.

Other symbols: PDIPDOPFLPFNPHKPMFPML
3 years ago - Seeking Alpha

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.

Other symbols: NMCOPCKSTKTWN
3 years ago - Seeking Alpha

CEF Weekly Market Review: Funds Take A Breather

We review CEF market valuation and performance over the past week and highlight recent events. CEF prices stalled in July on the back of lower risk sentiment driving discounts wider.

Other symbols: BKNCIFDSLECCEICMYDNMCO
3 years ago - Seeking Alpha

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 ...

Other symbols: PCQPDIPMFPML
3 years ago - Seeking Alpha