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

PIMCO New York Municipal Income Fund II (NYSE:PNI) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.0295 per share on Thursday, May 1st. This represents a $0.35 annualized dividend and a yield of 4.93%. The ex-dividend date is Friday, April 11th.

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

PIMCO New York Municipal Income Fund II Stock Up 1.1 %

Shares of NYSE PNI traded up $0.08 during mid-day trading on Thursday, hitting $7.18. The company had a trading volume of 18,274 shares, compared to its average volume of 42,309. The business’s 50-day simple moving average is $7.25 and its 200 day simple moving average is $7.38. PIMCO New York Municipal Income Fund II has a 1-year low of $6.96 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.