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

PIMCO New York Municipal Income Fund (NYSE:PNF) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, January 13th will be given a dividend of 0.0335 per share on Monday, February 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Monday, January 13th.

PIMCO New York Municipal Income Fund has decreased its dividend payment by an average of 7.3% annually over the last three years.

PIMCO New York Municipal Income Fund Stock Performance

Shares of PNF traded up $0.05 during trading hours on Friday, reaching $7.55. The company had a trading volume of 30,367 shares, compared to its average volume of 27,083. The firm has a 50 day simple moving average of $7.84 and a 200-day simple moving average of $7.95. PIMCO New York Municipal Income Fund has a 12-month low of $7.36 and a 12-month high of $8.40.

PIMCO New York Municipal Income Fund Company Profile

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