PIMCO Income Strategy Fund II (NYSE:PFN) Increases Dividend to $0.07 Per Share

PIMCO Income Strategy Fund II (NYSE:PFN) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be given a dividend of 0.072 per share by the financial services provider on Monday, June 3rd. This represents a $0.86 annualized dividend and a yield of 11.60%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from PIMCO Income Strategy Fund II’s previous monthly dividend of $0.07.

PIMCO Income Strategy Fund II has decreased its dividend by an average of 3.5% per year over the last three years.

PIMCO Income Strategy Fund II Stock Performance

PIMCO Income Strategy Fund II stock opened at $7.45 on Wednesday. PIMCO Income Strategy Fund II has a 1 year low of $5.93 and a 1 year high of $7.58. The firm’s 50 day moving average price is $7.35 and its two-hundred day moving average price is $7.18.

About PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II 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 the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.