Pimco Municipal Income Fund II (PML) Announces Monthly Dividend of $0.07
Pimco Municipal Income Fund II (NYSE:PML) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be paid a dividend of 0.065 per share by the investment management company on Tuesday, January 2nd. This represents a $0.78 annualized dividend and a yield of 5.86%. The ex-dividend date is Friday, December 8th.
Pimco Municipal Income Fund II has decreased its dividend by an average of 2.9% per year over the last three years.
Shares of Pimco Municipal Income Fund II (PML) remained flat at $$13.32 during mid-day trading on Monday. The stock had a trading volume of 180,403 shares, compared to its average volume of 129,910. Pimco Municipal Income Fund II has a one year low of $11.92 and a one year high of $13.55.
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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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