PIMCO Municipal Income Fund II Declares Monthly Dividend of $0.04 (NYSE:PML)

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Friday, May 1st. Stockholders of record on Monday, May 11th will be given a dividend of 0.0395 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, May 11th.

PIMCO Municipal Income Fund II Stock Up 0.7%

NYSE PML opened at $7.65 on Friday. PIMCO Municipal Income Fund II has a 1-year low of $7.10 and a 1-year high of $8.01. The firm’s fifty day simple moving average is $7.59 and its 200-day simple moving average is $7.67.

PIMCO Municipal Income Fund II Company Profile

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.

The fund’s portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.