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

PIMCO New York Municipal Income Fund II (NYSE:PNI) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.0295 per share on Thursday, January 2nd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Thursday, December 12th.

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 Stock Performance

Shares of NYSE:PNI traded up $0.01 during midday trading on Tuesday, hitting $7.56. 82,632 shares of the stock were exchanged, compared to its average volume of 32,842. The business’s 50-day moving average price is $7.55 and its 200 day moving average price is $7.51. PIMCO New York Municipal Income Fund II has a 12 month low of $7.07 and a 12 month 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.