PIMCO New York Municipal Income Fund (NYSE:PNF) Increases Dividend to $0.03 Per Share

PIMCO New York Municipal Income Fund (NYSE:PNF) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.034 per share on Monday, June 3rd. This represents a $0.41 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Friday, May 10th. This is a positive change from PIMCO New York Municipal Income Fund’s previous monthly dividend of $0.03.

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

PIMCO New York Municipal Income Fund Trading Up 0.8 %

PNF stock traded up $0.06 on Friday, hitting $7.61. The company had a trading volume of 11,113 shares, compared to its average volume of 25,645. PIMCO New York Municipal Income Fund has a 12-month low of $6.37 and a 12-month high of $8.85. The company has a 50-day moving average of $7.70.

About PIMCO New York Municipal Income Fund

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.