PIMCO New York Municipal Income Fund II (NYSE:PNI – Get Free Report) declared a monthly dividend on Thursday, August 1st, Zacks reports. Investors of record on Monday, August 12th will be given a dividend of 0.03 per share on Tuesday, September 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Monday, August 12th. This is a positive change from PIMCO New York Municipal Income Fund II’s previous monthly dividend of $0.03.
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 Price Performance
Shares of PNI stock traded up $0.02 during mid-day trading on Friday, hitting $7.57. The stock had a trading volume of 175,657 shares, compared to its average volume of 23,934. PIMCO New York Municipal Income Fund II has a 12-month low of $6.03 and a 12-month high of $7.73. The firm’s 50-day moving average is $7.42 and its two-hundred day moving average is $7.40.
About PIMCO New York Municipal Income Fund II
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.
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