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

PIMCO New York Municipal Income Fund II (NYSE:PNI) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Thursday, February 13th will be paid a dividend of 0.0295 per share on Monday, March 3rd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Thursday, February 13th.

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

PIMCO New York Municipal Income Fund II Stock Up 0.6 %

Shares of PNI traded up $0.04 during trading hours on Tuesday, reaching $7.25. 36,749 shares of the company traded hands, compared to its average volume of 69,111. The stock’s fifty day moving average is $7.27 and its 200 day moving average is $7.47. PIMCO New York Municipal Income Fund II has a 1-year low of $6.96 and a 1-year high of $7.96.

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.