PIMCO Municipal Income Fund II to Issue Monthly Dividend of $0.04 (NYSE:PML)

PIMCO Municipal Income Fund II (NYSE:PML) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Thursday, March 13th will be given a dividend of 0.0395 per share by the investment management company on Tuesday, April 1st. This represents a $0.47 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Thursday, March 13th.

PIMCO Municipal Income Fund II has decreased its dividend payment by an average of 12.5% per year over the last three years.

PIMCO Municipal Income Fund II Stock Down 0.9 %

Shares of NYSE PML traded down $0.08 during trading on Tuesday, hitting $8.54. 121,788 shares of the company traded hands, compared to its average volume of 208,651. The company has a 50-day moving average price of $8.32 and a 200-day moving average price of $8.69. PIMCO Municipal Income Fund II has a 1 year low of $7.94 and a 1 year high of $9.52.

PIMCO Municipal Income Fund II Company Profile

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors.