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

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Monday, August 3rd. Investors of record on Thursday, August 13th will be given a dividend of 0.0295 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, August 13th.

PIMCO New York Municipal Income Fund II Stock Performance

NYSE PNI opened at $6.81 on Tuesday. PIMCO New York Municipal Income Fund II has a 12 month low of $6.48 and a 12 month high of $7.20. The company’s 50 day moving average is $6.99 and its two-hundred day moving average is $6.99.

PIMCO New York Municipal Income Fund II Company Profile

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.