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PIMCO Municipal Income Fund III (PMX) Stock

Profile

Country:

United States

IPO:

29 October 2002

Indexes:

Not included

Description:

PMX (PIMCO Municipal Income Fund III) is a closed-end fund that primarily invests in municipal bonds. It aims to provide investors with tax-exempt income while managing credit risk and interest rate exposure, leveraging PIMCO's expertise in fixed-income investments.

Events Calendar

Earnings

Next earnings date:

N/A

Recent quarterly earnings:

N/A

Recent annual earnings:

N/A
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Nov 12, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

No data about analysts updates

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Institutional Ownership

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seekingalpha.com26 May 2024

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. This CEF has decent income metrics and offers a nice yield on a tax-adjusted basis for high income individuals.

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Seeking Alpha23 February 2024

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 bonds, which I view favorably for their strong credit rating and diversification benefits. Munis will see renewed interest if the tax cuts from the 2017 TCJA are not extended this year. That is a fundamental tailwind for the sector.

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Seeking Alpha28 August 2023

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 representing a discount to NAV. Munis remain a reasonable equity hedge, which I believe is relevant given that September tends to see negative returns for stocks.

FAQ

  • What is the primary business of PIMCO Municipal Income Fund III?
  • What is the ticker symbol for PIMCO Municipal Income Fund III?
  • Does PIMCO Municipal Income Fund III pay dividends?
  • What sector is PIMCO Municipal Income Fund III in?
  • What industry is PIMCO Municipal Income Fund III in?
  • What country is PIMCO Municipal Income Fund III based in?
  • When did PIMCO Municipal Income Fund III go public?
  • Is PIMCO Municipal Income Fund III in the S&P 500?
  • Is PIMCO Municipal Income Fund III in the NASDAQ 100?
  • Is PIMCO Municipal Income Fund III in the Dow Jones?
  • When does PIMCO Municipal Income Fund III report earnings?

What is the primary business of PIMCO Municipal Income Fund III?

PMX (PIMCO Municipal Income Fund III) is a closed-end fund that primarily invests in municipal bonds. It aims to provide investors with tax-exempt income while managing credit risk and interest rate exposure, leveraging PIMCO's expertise in fixed-income investments.

What is the ticker symbol for PIMCO Municipal Income Fund III?

The ticker symbol for PIMCO Municipal Income Fund III is NYSE:PMX

Does PIMCO Municipal Income Fund III pay dividends?

Yes, PIMCO Municipal Income Fund III pays dividends. The last payment was $0.03, with an ex-dividend date on 12 November 2024

What sector is PIMCO Municipal Income Fund III in?

PIMCO Municipal Income Fund III is in the Financial Services sector

What industry is PIMCO Municipal Income Fund III in?

PIMCO Municipal Income Fund III is in the Asset Management industry

What country is PIMCO Municipal Income Fund III based in?

PIMCO Municipal Income Fund III is headquartered in United States

When did PIMCO Municipal Income Fund III go public?

PIMCO Municipal Income Fund III's initial public offering (IPO) was on 29 October 2002

Is PIMCO Municipal Income Fund III in the S&P 500?

No, PIMCO Municipal Income Fund III is not included in the S&P 500 index

Is PIMCO Municipal Income Fund III in the NASDAQ 100?

No, PIMCO Municipal Income Fund III is not included in the NASDAQ 100 index

Is PIMCO Municipal Income Fund III in the Dow Jones?

No, PIMCO Municipal Income Fund III is not included in the Dow Jones index

When does PIMCO Municipal Income Fund III report earnings?

The date for PIMCO Municipal Income Fund III's next earnings report has not been announced yet