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, December 2nd,NASDAQ Dividends reports. Shareholders of record on Thursday, December 12th will be given a dividend of 0.0395 per share by the investment management company on Thursday, January 2nd. This represents a $0.47 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Thursday, December 12th.

PIMCO Municipal Income Fund II has decreased its dividend by an average of 12.5% per year over the last three years.

PIMCO Municipal Income Fund II Price Performance

NYSE:PML traded down $0.02 during mid-day trading on Tuesday, hitting $8.80. 226,395 shares of the company’s stock traded hands, compared to its average volume of 177,867. The firm has a 50 day moving average of $9.01 and a two-hundred day moving average of $8.77. PIMCO Municipal Income Fund II has a 12 month low of $8.00 and a 12 month high of $9.52.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors.