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

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be paid a dividend of 0.0295 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, September 11th.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of PNI opened at $6.76 on Wednesday. The company has a 50-day simple moving average of $6.93 and a two-hundred day simple moving average of $6.97. PIMCO New York Municipal Income Fund II has a one year low of $6.55 and a one year high of $7.20.

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.