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, December 2nd,NASDAQ Dividends reports. Investors of record on Thursday, December 12th will be given a dividend of 0.0395 per share by the investment management company on Thursday, January 2nd. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend is Thursday, December 12th.

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

PIMCO Municipal Income Fund II Price Performance

Shares of NYSE PML traded down $0.02 during midday trading on Tuesday, reaching $8.80. 226,395 shares of the company traded hands, compared to its average volume of 177,867. The stock has a 50-day moving average price of $9.01 and a 200 day moving average price of $8.77. PIMCO Municipal Income Fund II has a 52 week low of $8.00 and a 52 week 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.