PIMCO New York Municipal Income Fund II (NYSE:PNI – Get Free Report) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.03 per share on Monday, June 3rd. This represents a $0.36 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from PIMCO New York Municipal Income Fund II’s previous monthly dividend of $0.03.
PIMCO New York Municipal Income Fund II has decreased its dividend by an average of 9.7% per year over the last three years.
PIMCO New York Municipal Income Fund II Stock Up 1.2 %
Shares of PNI opened at $7.40 on Wednesday. The stock’s fifty day simple moving average is $7.33 and its 200-day simple moving average is $7.25. PIMCO New York Municipal Income Fund II has a 12-month low of $6.03 and a 12-month high of $7.74.
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.
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