PIMCO New York Municipal Income Fund (NYSE:PNF – Get Free Report) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be given a dividend of 0.034 per share on Monday, June 3rd. This represents a $0.41 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from PIMCO New York Municipal Income Fund’s previous monthly dividend of $0.03.
PIMCO New York Municipal Income Fund has decreased its dividend payment by an average of 7.3% annually over the last three years.
PIMCO New York Municipal Income Fund Price Performance
Shares of PIMCO New York Municipal Income Fund stock opened at $7.79 on Thursday. The firm’s 50-day moving average price is $7.67. PIMCO New York Municipal Income Fund has a 52-week low of $6.37 and a 52-week high of $8.79.
About PIMCO New York Municipal Income Fund
PIMCO New York Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets. It seeks to invest in stocks of companies operating across diversified sectors.
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