PIMCO New York Municipal Income Fund II (NYSE:PNI) Raises Dividend to $0.03 Per Share

PIMCO New York Municipal Income Fund II (NYSE:PNI) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders 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 dividend yield of 4.86%. The ex-dividend date 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 payment by an average of 9.7% per year over the last three years.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of PNI opened at $7.40 on Thursday. PIMCO New York Municipal Income Fund II has a 52-week low of $6.03 and a 52-week high of $7.74. The business has a fifty day moving average of $7.33 and a 200 day moving average of $7.25.

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.