PIMCO New York Municipal Income Fund II (PNI) to Distribute Monthly Dividend of $0.03 on October 1st

PIMCO New York Municipal Income Fund II (NYSE:PNI) declared a monthly dividend on Tuesday, September 1st. Investors 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 of this dividend is Friday, September 11th.

PIMCO New York Municipal Income Fund II Price Performance

Shares of PIMCO New York Municipal Income Fund II stock opened at $6.76 on Thursday. The stock’s fifty day moving average is $6.92 and its 200-day moving average is $6.96. PIMCO New York Municipal Income Fund II has a 12-month low of $6.59 and a 12-month high of $7.20.

Institutional Trading of PIMCO New York Municipal Income Fund II

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in PIMCO New York Municipal Income Fund II in the 1st quarter valued at approximately $52,000. Beacon Pointe Advisors LLC bought a new position in shares of PIMCO New York Municipal Income Fund II during the 2nd quarter worth about $75,000. Envestnet Asset Management Inc. acquired a new position in shares of PIMCO New York Municipal Income Fund II during the second quarter valued at about $79,000. Baird Financial Group Inc. bought a new stake in shares of PIMCO New York Municipal Income Fund II in the second quarter valued at about $117,000. Finally, Maltin Wealth Management Inc. bought a new stake in shares of PIMCO New York Municipal Income Fund II in the 1st quarter worth approximately $150,000.

About PIMCO New York Municipal Income Fund II

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.