PIMCO New York Municipal Income Fund II (NYSE:PNI) Declares $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 paid a dividend of 0.0295 per share on Tuesday, April 1st. This represents a $0.35 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Thursday, March 13th.

PIMCO New York Municipal Income Fund II has decreased its dividend payment by an average of 9.7% per year over the last three years.

PIMCO New York Municipal Income Fund II Price Performance

Shares of PIMCO New York Municipal Income Fund II stock traded down $0.11 on Tuesday, reaching $7.32. The stock had a trading volume of 78,726 shares, compared to its average volume of 54,752. The business’s 50-day moving average price is $7.24 and its two-hundred day moving average price is $7.45. PIMCO New York Municipal Income Fund II has a fifty-two week low of $6.96 and a fifty-two week 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.