PIMCO New York Municipal Income Fund II (PNI) to Issue Monthly Dividend of $0.03 on February 3rd

PIMCO New York Municipal Income Fund II (NYSE:PNI) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors 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 annualized dividend and a yield of 5.01%. 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% annually over the last three years.

PIMCO New York Municipal Income Fund II Trading Down 2.5 %

PNI opened at $7.06 on Friday. The firm’s 50 day moving average is $7.35 and its 200-day moving average is $7.51. PIMCO New York Municipal Income Fund II has a 52-week low of $7.05 and a 52-week high of $7.96.

About PIMCO New York Municipal Income Fund II

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.