Pimco Municipal Income Fund II (PML) Announces $0.07 Monthly Dividend
Pimco Municipal Income Fund II (NYSE:PML) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be paid a dividend of 0.065 per share by the investment management company on Wednesday, November 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend is Thursday, October 12th.
Pimco Municipal Income Fund II has decreased its dividend payment by an average of 2.9% per year over the last three years.
Shares of Pimco Municipal Income Fund II (NYSE:PML) traded up 0.38% during mid-day trading on Tuesday, hitting $13.22. The company’s stock had a trading volume of 111,577 shares. The stock has a 50-day moving average of $13.27 and a 200-day moving average of $13.10. Pimco Municipal Income Fund II has a 12-month low of $11.57 and a 12-month high of $13.55.
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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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