Pimco Municipal Income Fund II Declares Monthly Dividend of $0.07 (PML)
Pimco Municipal Income Fund II (NYSE:PML) announced a monthly dividend on Thursday, September 7th, Wall Street Journal reports. Investors of record on Monday, September 11th will be paid a dividend of 0.065 per share by the investment management company on Monday, October 2nd. This represents a $0.78 annualized dividend and a yield of 5.82%. The ex-dividend date is Friday, September 8th.
Pimco Municipal Income Fund II has decreased its dividend by an average of 2.9% annually over the last three years.
Shares of Pimco Municipal Income Fund II (NYSE:PML) traded up 0.15% during midday trading on Thursday, reaching $13.42. 41,722 shares of the company traded hands. The company has a 50-day moving average of $13.36 and a 200 day moving average of $13.00. Pimco Municipal Income Fund II has a 12-month low of $11.57 and a 12-month high of $13.84.
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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