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, March 3rd, NASDAQ Dividends reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.0295 per share on Tuesday, April 1st. This represents a $0.35 annualized dividend and a yield of 4.84%. The ex-dividend date is Thursday, March 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 Down 1.5 %

Shares of PNI traded down $0.11 during trading hours on Tuesday, reaching $7.32. 78,726 shares of the company traded hands, compared to its average volume of 54,752. The stock’s fifty day moving average is $7.24 and its 200 day moving average is $7.45. 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.