PIMCO Municipal Income Fund II (PML) to Issue Monthly Dividend of $0.04 on July 1st

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Monday, June 1st. Investors of record on Thursday, June 11th will be paid a dividend of 0.0395 per share by the investment management company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Thursday, June 11th.

PIMCO Municipal Income Fund II Stock Performance

Shares of NYSE PML opened at $7.51 on Wednesday. PIMCO Municipal Income Fund II has a 52-week low of $7.10 and a 52-week high of $8.01. The firm has a 50 day moving average price of $7.50 and a 200 day moving average price of $7.62.

Insider Activity

In other news, Director Sonya Morris acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was acquired at an average price of $7.48 per share, for a total transaction of $37,400.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $37,400. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have acquired 5,745 shares of company stock valued at $42,908.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PML. Guggenheim Capital LLC increased its holdings in shares of PIMCO Municipal Income Fund II by 7.5% in the fourth quarter. Guggenheim Capital LLC now owns 2,338,947 shares of the investment management company’s stock worth $17,636,000 after acquiring an additional 163,926 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of PIMCO Municipal Income Fund II during the 1st quarter valued at about $8,240,000. Wagner Wealth Management LLC grew its position in shares of PIMCO Municipal Income Fund II by 11.2% in the 1st quarter. Wagner Wealth Management LLC now owns 1,082,412 shares of the investment management company’s stock valued at $8,194,000 after purchasing an additional 108,907 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of PIMCO Municipal Income Fund II by 49.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 880,651 shares of the investment management company’s stock valued at $6,640,000 after purchasing an additional 290,269 shares during the period. Finally, Bank of America Corp DE increased its stake in PIMCO Municipal Income Fund II by 155.6% during the 1st quarter. Bank of America Corp DE now owns 830,277 shares of the investment management company’s stock worth $6,285,000 after purchasing an additional 505,452 shares in the last quarter.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.

The fund’s portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.