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

PIMCO New York Municipal Income Fund II (NYSE:PNI) declared a monthly dividend on Tuesday, October 1st, NASDAQ reports. Shareholders of record on Friday, October 11th will be given a dividend of 0.0295 per share on Friday, November 1st. This represents a $0.35 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Friday, October 11th.

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 Trading Down 0.3 %

Shares of PNI traded down $0.02 during trading hours on Wednesday, reaching $7.85. 86,392 shares of the company traded hands, compared to its average volume of 27,661. The company’s fifty day moving average price is $7.64 and its two-hundred day moving average price is $7.45. PIMCO New York Municipal Income Fund II has a 12 month low of $6.03 and a 12 month high of $7.96.

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.