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

PIMCO Municipal Income Fund II (NYSE:PML) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be given a dividend of 0.0395 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Monday, July 13th.

PIMCO Municipal Income Fund II Stock Up 0.5%

Shares of PIMCO Municipal Income Fund II stock opened at $7.65 on Thursday. The business has a fifty day simple moving average of $7.51 and a 200 day simple moving average of $7.59. PIMCO Municipal Income Fund II has a 12 month low of $7.10 and a 12 month high of $8.01.

Institutional Investors Weigh In On PIMCO Municipal Income Fund II

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in PIMCO Municipal Income Fund II by 49.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 880,651 shares of the investment management company’s stock worth $6,640,000 after buying an additional 290,269 shares during the period. Wakefield Asset Management LLLP lifted its position in PIMCO Municipal Income Fund II by 103.4% during the 3rd quarter. Wakefield Asset Management LLLP now owns 213,025 shares of the investment management company’s stock worth $1,686,000 after buying an additional 108,295 shares in the last quarter. Smith Moore & CO. bought a new stake in PIMCO Municipal Income Fund II during the third quarter worth about $1,447,000. Gridiron Partners LLC raised its stake in shares of PIMCO Municipal Income Fund II by 797.6% during the 4th quarter. Gridiron Partners LLC now owns 695,624 shares of the investment management company’s stock worth $5,245,000 after purchasing an additional 618,125 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. bought a new stake in PIMCO Municipal Income Fund II during the third quarter worth $3,649,000.

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 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.