PIMCO New York Municipal Income Fund II (NYSE:PNI – Get Free Report) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 13th will be paid a dividend of 0.0295 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, January 13th.
PIMCO New York Municipal Income Fund II Stock Performance
Shares of PNI opened at $7.03 on Friday. The firm’s fifty day simple moving average is $6.93 and its 200-day simple moving average is $6.81. PIMCO New York Municipal Income Fund II has a twelve month low of $6.43 and a twelve month high of $7.47.
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.
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