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

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.0295 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, March 12th.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of PNI stock opened at $6.97 on Tuesday. The stock’s fifty day simple moving average is $7.03 and its 200 day simple moving average is $6.95. PIMCO New York Municipal Income Fund II has a twelve month low of $6.43 and a twelve month high of $7.35.

About PIMCO New York Municipal Income Fund II

PIMCO New York Municipal Income Fund II (NYSE: PNI) is a closed-end management investment company that seeks to provide a high level of current income exempt from both federal and New York State income taxes. The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global fixed income investment firm. PNI invests primarily in investment-grade municipal obligations issued by or on behalf of the state of New York, its municipalities and related public authorities.

The fund’s portfolio is constructed with a focus on New York state general obligation and revenue bonds, including transportation, education, healthcare and utility-backed securities.