Pimco Municipal Income Fund II (PML) Plans $0.07 Monthly Dividend
Pimco Municipal Income Fund II (NYSE:PML) announced a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Investors of record on Monday, February 12th will be paid 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 yield of 6.26%. The ex-dividend date of this dividend is Friday, February 9th.
Pimco Municipal Income Fund II has raised its dividend payment by an average of 2.9% annually over the last three years.
Shares of Pimco Municipal Income Fund II (NYSE PML) traded down $0.17 during trading hours on Friday, reaching $12.47. 439,956 shares of the company were exchanged, compared to its average volume of 176,876. Pimco Municipal Income Fund II has a 1 year low of $12.21 and a 1 year high of $13.56.
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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