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

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Friday, May 1st. Investors of record on Monday, May 11th will be given a dividend of 0.0295 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, May 11th.

PIMCO New York Municipal Income Fund II Trading Up 1.1%

PIMCO New York Municipal Income Fund II stock opened at $7.12 on Friday. The stock has a 50-day moving average price of $6.96 and a 200 day moving average price of $6.97. PIMCO New York Municipal Income Fund II has a 52 week low of $6.43 and a 52 week high of $7.20.

PIMCO New York Municipal Income Fund II Company Profile

PIMCO New York Municipal Income Fund II (NYSE: PNI) is a closed-end management investment company that seeks to provide a high level of current income exempt from both federal and New York State income taxes. The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global fixed income investment firm. PNI invests primarily in investment-grade municipal obligations issued by or on behalf of the state of New York, its municipalities and related public authorities.

The fund’s portfolio is constructed with a focus on New York state general obligation and revenue bonds, including transportation, education, healthcare and utility-backed securities.