PIMCO Municipal Income Fund II (NYSE:PML) Announces Monthly Dividend of $0.04

PIMCO Municipal Income Fund II (NYSE:PML) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Monday, April 13th will be paid a dividend of 0.0395 per share by the investment management company on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Monday, April 13th.

PIMCO Municipal Income Fund II Stock Performance

Shares of PML opened at $7.59 on Friday. The business has a 50-day simple moving average of $7.67 and a two-hundred day simple moving average of $7.71. PIMCO Municipal Income Fund II has a 52 week low of $7.10 and a 52 week high of $8.01.

Insider Buying and Selling

In related news, Director Sonya Morris purchased 5,000 shares of PIMCO Municipal Income Fund II stock in a transaction on Wednesday, March 25th. The stock was acquired at an average price of $7.48 per share, for a total transaction of $37,400.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $37,400. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

Hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. bought a new position in shares of PIMCO Municipal Income Fund II in the third quarter worth about $5,026,000. Allspring Global Investments Holdings LLC boosted its stake in shares of PIMCO Municipal Income Fund II by 49.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 880,651 shares of the investment management company’s stock worth $6,640,000 after acquiring an additional 290,269 shares during the period. Gill Capital Partners LLC boosted its stake in shares of PIMCO Municipal Income Fund II by 1,138.7% in the third quarter. Gill Capital Partners LLC now owns 594,274 shares of the investment management company’s stock worth $4,701,000 after acquiring an additional 546,299 shares during the period. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in shares of PIMCO Municipal Income Fund II by 200.0% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 120,000 shares of the investment management company’s stock worth $949,000 after acquiring an additional 80,000 shares during the period. Finally, GenTrust LLC bought a new position in shares of PIMCO Municipal Income Fund II in the third quarter worth about $4,133,000.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.

The fund’s portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.