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 paid a dividend of 0.03 per share on Monday, June 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change 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% annually over the last three years.
PIMCO New York Municipal Income Fund II Price Performance
Shares of PNI stock opened at $7.40 on Thursday. The business’s 50-day moving average price is $7.33 and its 200-day moving average price 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.
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.
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