PIMCO Municipal Income Fund II (NYSE:PML) Shareholders to Collect $0.04 Monthly Dividend

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be paid a dividend of $0.0395 per share by the investment management company on Monday, November 2nd. This represents a $0.47 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Tuesday, October 13th.

PIMCO Municipal Income Fund II Stock Performance

PIMCO Municipal Income Fund II stock opened at $6.49 on Friday. The company’s fifty day simple moving average is $7.14 and its 200-day simple moving average is $7.39. PIMCO Municipal Income Fund II has a 12 month low of $6.40 and a 12 month high of $8.01.

Insider Buying and Selling at PIMCO Municipal Income Fund II

In other PIMCO Municipal Income Fund II news, Director Sonya Morris purchased 5,000 shares of the stock in a transaction on Tuesday, July 21st. The shares were purchased at an average price of $7.50 per share, with a total value of $37,500.00. Following the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at $75,000. This represents a 100.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Trading of PIMCO Municipal Income Fund II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC boosted its holdings in PIMCO Municipal Income Fund II by 5.4% during the second quarter. Rivernorth Capital Management LLC now owns 4,482,914 shares of the investment management company’s stock valued at $34,115,000 after purchasing an additional 231,386 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of PIMCO Municipal Income Fund II in the 1st quarter worth approximately $8,240,000. Bank of America Corp DE acquired a new position in shares of PIMCO Municipal Income Fund II in the 2nd quarter worth approximately $8,244,000. Wagner Wealth Management LLC lifted its position in shares of PIMCO Municipal Income Fund II by 11.2% during the 1st quarter. Wagner Wealth Management LLC now owns 1,082,412 shares of the investment management company’s stock worth $8,194,000 after buying an additional 108,907 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of PIMCO Municipal Income Fund II by 4.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,077,922 shares of the investment management company’s stock worth $8,203,000 after buying an additional 41,111 shares during the period.

PIMCO Municipal Income Fund II Company Profile

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide current income that is exempt from federal income tax. The fund is managed by Pacific Investment Management Company LLC (PIMCO), an investment management firm specializing in fixed-income and other asset classes.

PML primarily invests in municipal bonds and other municipal securities issued by states, territories, and local governments in the United States, as well as related public authorities and governmental entities.