PIMCO Municipal Income Fund II (PML) to Issue Monthly Dividend of $0.04 on March 2nd

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Monday, February 2nd. Investors of record on Thursday, February 12th will be paid a dividend of 0.0395 per share by the investment management company on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Thursday, February 12th.

PIMCO Municipal Income Fund II Stock Performance

PML stock opened at $7.77 on Tuesday. The company’s fifty day simple moving average is $7.61 and its 200 day simple moving average is $7.61. PIMCO Municipal Income Fund II has a 12-month low of $7.10 and a 12-month high of $8.67.

Institutional Trading of PIMCO Municipal Income Fund II

Several hedge funds have recently modified their holdings of PML. Asset Dedication LLC acquired a new stake in PIMCO Municipal Income Fund II in the fourth quarter worth $26,000. Comerica Bank boosted its holdings in PIMCO Municipal Income Fund II by 49.7% in the first quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after acquiring an additional 1,446 shares in the last quarter. Global Wealth Strategies & Associates increased its holdings in shares of PIMCO Municipal Income Fund II by 106.1% during the fourth quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock valued at $41,000 after acquiring an additional 2,813 shares in the last quarter. US Bancorp DE bought a new position in shares of PIMCO Municipal Income Fund II in the 3rd quarter worth $45,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in PIMCO Municipal Income Fund II in the 3rd quarter valued at $58,000.

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.