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

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, January 13th will be paid a dividend of 0.0295 per share on Monday, February 3rd. This represents a $0.35 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Monday, January 13th.

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 Up 0.8 %

Shares of NYSE:PNI traded up $0.06 during trading on Friday, hitting $7.26. 31,472 shares of the company were exchanged, compared to its average volume of 46,686. PIMCO New York Municipal Income Fund II has a 1-year low of $7.07 and a 1-year high of $7.96. The business’s 50 day moving average is $7.38 and its 200-day moving average is $7.51.

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.