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

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Monday, June 1st. Stockholders of record on Thursday, June 11th will be given a dividend of 0.0395 per share by the investment management company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, June 11th.

PIMCO Municipal Income Fund II Stock Down 0.2%

NYSE PML opened at $7.51 on Tuesday. PIMCO Municipal Income Fund II has a 12 month low of $7.10 and a 12 month high of $8.01. The company has a 50-day moving average of $7.50 and a 200-day moving average of $7.62.

Insider Activity at PIMCO Municipal Income Fund II

In related news, Director Sonya Morris acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was bought at an average price of $7.48 per share, with a total value of $37,400.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at $37,400. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have bought 5,745 shares of company stock worth $42,908.

Institutional Trading of PIMCO Municipal Income Fund II

Institutional investors and hedge funds have recently bought and sold shares of the business. Asset Dedication LLC acquired a new stake in PIMCO Municipal Income Fund II during the 4th quarter worth approximately $26,000. Comerica Bank boosted its holdings in PIMCO Municipal Income Fund II by 49.7% in the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after acquiring an additional 1,446 shares during the period. Global Wealth Strategies & Associates boosted its holdings in PIMCO Municipal Income Fund II by 106.1% in the 4th quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock worth $41,000 after acquiring an additional 2,813 shares during the period. US Bancorp DE purchased a new position in PIMCO Municipal Income Fund II in the 3rd quarter worth approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in PIMCO Municipal Income Fund II in the 3rd quarter worth approximately $58,000.

About PIMCO Municipal Income Fund II

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.