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

PIMCO New York Municipal Income Fund II (NYSE:PNI) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Monday, January 13th will be given a dividend of 0.0295 per share on Monday, February 3rd. This represents a $0.35 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Monday, January 13th.

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

PIMCO New York Municipal Income Fund II Trading Up 0.8 %

NYSE:PNI traded up $0.06 during midday trading on Friday, reaching $7.26. 31,472 shares of the stock traded hands, compared to its average volume of 46,686. The company has a fifty day moving average of $7.38 and a 200 day moving average of $7.51. PIMCO New York Municipal Income Fund II has a 12 month low of $7.07 and a 12 month 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.