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

PIMCO New York Municipal Income Fund II (NYSE:PNI) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 13th will be given a dividend of 0.0295 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, January 13th.

PIMCO New York Municipal Income Fund II Stock Up 0.4%

Shares of PNI stock opened at $7.03 on Friday. PIMCO New York Municipal Income Fund II has a 52 week low of $6.43 and a 52 week high of $7.47. The firm has a 50 day moving average of $6.93 and a 200-day moving average of $6.81.

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.