PIMCO Municipal Income Fund II (NYSE:PML) Declares Monthly Dividend of $0.04

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.04 per share by the investment management company on Monday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Friday, May 10th. This is a positive change from PIMCO Municipal Income Fund II’s previous monthly dividend of $0.04.

PIMCO Municipal Income Fund II has decreased its dividend payment by an average of 12.5% per year over the last three years.

PIMCO Municipal Income Fund II Stock Up 0.4 %

Shares of PIMCO Municipal Income Fund II stock opened at $8.47 on Thursday. The stock’s fifty day simple moving average is $8.39 and its 200 day simple moving average is $8.23. PIMCO Municipal Income Fund II has a 12 month low of $6.92 and a 12 month high of $9.45.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors.