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

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, January 13th will be given a dividend of 0.0295 per share on Monday, February 3rd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Monday, January 13th.

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

PIMCO New York Municipal Income Fund II Price Performance

Shares of PIMCO New York Municipal Income Fund II stock traded up $0.06 during midday trading on Friday, reaching $7.26. The company had a trading volume of 31,472 shares, compared to its average volume of 46,686. The stock has a fifty day moving average price of $7.38 and a 200 day moving average price of $7.51. PIMCO New York Municipal Income Fund II has a fifty-two week low of $7.07 and a fifty-two week 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.