PIMCO New York Municipal Income Fund II (NYSE:PNI) Declares $0.04 Monthly Dividend

PIMCO New York Municipal Income Fund II (NYSE:PNIGet Rating) announced a monthly dividend on Monday, May 2nd, Zacks reports. Stockholders of record on Thursday, May 12th will be paid a dividend of 0.04 per share on Wednesday, June 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date is Wednesday, May 11th.

Shares of PNI opened at $8.71 on Monday. PIMCO New York Municipal Income Fund II has a fifty-two week low of $8.51 and a fifty-two week high of $12.19. The business has a 50 day simple moving average of $9.38.

Several hedge funds and other institutional investors have recently modified their holdings of PNI. Paradigm Financial Partners LLC purchased a new position in shares of PIMCO New York Municipal Income Fund II in the fourth quarter worth $237,000. UBS Group AG increased its stake in shares of PIMCO New York Municipal Income Fund II by 18.9% in the third quarter. UBS Group AG now owns 84,799 shares of the company’s stock worth $985,000 after buying an additional 13,493 shares during the period. NewEdge Advisors LLC purchased a new position in shares of PIMCO New York Municipal Income Fund II in the fourth quarter worth $135,000. Morgan Stanley increased its stake in shares of PIMCO New York Municipal Income Fund II by 12.9% in the second quarter. Morgan Stanley now owns 42,509 shares of the company’s stock worth $512,000 after buying an additional 4,867 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of PIMCO New York Municipal Income Fund II by 25.5% in the fourth quarter. Wells Fargo & Company MN now owns 9,472 shares of the company’s stock worth $107,000 after buying an additional 1,923 shares during the period.

PIMCO New York Municipal Income Fund II Company Profile (Get Rating)

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.

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Dividend History for PIMCO New York Municipal Income Fund II (NYSE:PNI)

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