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

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Thursday, August 1st, Zacks reports. Investors of record on Monday, August 12th will be paid a dividend of 0.03 per share on Tuesday, September 3rd. This represents a $0.36 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Monday, August 12th. This is a boost 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 payment by an average of 9.7% per year over the last three years.

PIMCO New York Municipal Income Fund II Price Performance

PNI traded up $0.02 during mid-day trading on Friday, reaching $7.57. 175,657 shares of the company traded hands, compared to its average volume of 23,934. The company’s fifty day moving average price is $7.42 and its 200-day moving average price is $7.40. PIMCO New York Municipal Income Fund II has a 52-week low of $6.03 and a 52-week high of $7.73.

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.