PIMCO New York Municipal Income Fund II (NYSE:PNI) Announces $0.03 Monthly Dividend

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Thursday, July 11th will be paid a dividend of 0.0295 per share on Thursday, August 1st. This represents a $0.35 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Thursday, July 11th.

PIMCO New York Municipal Income Fund II has decreased its dividend payment by an average of 9.7% annually over the last three years.

PIMCO New York Municipal Income Fund II Stock Up 0.4 %

Shares of NYSE:PNI traded up $0.03 during midday trading on Tuesday, hitting $7.41. The stock had a trading volume of 20,379 shares, compared to its average volume of 22,665. The stock has a 50 day moving average price of $7.32 and a two-hundred day moving average price of $7.40. PIMCO New York Municipal Income Fund II has a 1 year low of $6.03 and a 1 year high of $7.73.

PIMCO New York Municipal Income Fund II Company Profile

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.