Pimco Municipal Income Fund II (PML) Plans $0.07 Monthly Dividend
Pimco Municipal Income Fund II (NYSE:PML) announced a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Stockholders of record on Friday, July 14th will be given a dividend of 0.065 per share by the investment management company on Tuesday, August 1st. This represents a $0.78 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Wednesday, July 12th.
Pimco Municipal Income Fund II has decreased its dividend payment by an average of 2.9% per year over the last three years.
Pimco Municipal Income Fund II (PML) remained flat at $13.13 during midday trading on Wednesday. 94,073 shares of the company traded hands. Pimco Municipal Income Fund II has a 52 week low of $11.57 and a 52 week high of $14.08. The stock has a 50 day moving average of $13.11 and a 200 day moving average of $12.69.
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About Pimco Municipal Income Fund II
PIMCO Municipal Income Fund II (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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