PIMCO New York Municipal Income Fund II (PNI) to Distribute Monthly Dividend of $0.03 on October 1st

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be given a dividend of 0.0295 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, September 11th.

PIMCO New York Municipal Income Fund II Trading Down 0.4%

Shares of NYSE PNI opened at $6.67 on Wednesday. The stock has a 50 day simple moving average of $6.90 and a 200-day simple moving average of $6.95. PIMCO New York Municipal Income Fund II has a 12-month low of $6.64 and a 12-month high of $7.20.

About PIMCO New York Municipal Income Fund II

PIMCO New York Municipal Income Fund II (NYSE: PNI) is a closed-end management investment company that seeks to provide a high level of current income exempt from both federal and New York State income taxes. The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global fixed income investment firm. PNI invests primarily in investment-grade municipal obligations issued by or on behalf of the state of New York, its municipalities and related public authorities.

The fund’s portfolio is constructed with a focus on New York state general obligation and revenue bonds, including transportation, education, healthcare and utility-backed securities.