Media stories about Pimco Municipal Income Fund II (NYSE:PML) have been trending somewhat negative recently, according to Alpha One. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pimco Municipal Income Fund II earned a coverage optimism score of -0.25 on Alpha One’s scale. Alpha One also assigned media coverage about the investment management company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
Shares of Pimco Municipal Income Fund II (NYSE PML) traded up 0.30% on Friday, hitting $13.20. The stock had a trading volume of 61,218 shares. The firm has a market cap of $813.38 million and a PE ratio of 69.84. Pimco Municipal Income Fund II has a 52-week low of $11.57 and a 52-week high of $14.08. The firm’s 50-day moving average price is $13.04 and its 200 day moving average price is $12.62.
The company also recently announced a monthly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 12th will be given a $0.065 dividend. The ex-dividend date is Thursday, June 8th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.91%.
About Pimco Municipal Income Fund II
PIMCO Municipal Income Fund II (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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