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 Thursday, July 3rd, Wall Street Journal reports. Stockholders of record on Friday, July 11th will be given a dividend of 0.0295 per share on Thursday, July 24th. This represents a $0.35 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Friday, July 11th.

PIMCO New York Municipal Income Fund II Price Performance

Shares of PNI stock opened at $6.71 on Wednesday. The stock has a fifty day moving average price of $6.73 and a 200 day moving average price of $6.99. PIMCO New York Municipal Income Fund II has a 1 year low of $6.51 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.