Pimco Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Investors of record on Monday, February 12th will be given a dividend of 0.065 per share by the investment management company on Thursday, March 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend is Friday, February 9th.
Pimco Municipal Income Fund II has increased its dividend by an average of 2.9% per year over the last three years.
Pimco Municipal Income Fund II (NYSE PML) traded down $0.17 during midday trading on Friday, hitting $12.47. The company had a trading volume of 439,956 shares, compared to its average volume of 176,876. Pimco Municipal Income Fund II has a 52-week low of $12.21 and a 52-week high of $13.56.
Pimco Municipal Income Fund II Company Profile
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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