PIMCO Income Strategy Fund II to Issue Monthly Dividend of $0.07 (NYSE:PFN)

PIMCO Income Strategy Fund II (NYSE:PFN) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 13th will be given a dividend of 0.0718 per share by the financial services provider on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Tuesday, January 13th.

PIMCO Income Strategy Fund II Stock Performance

Shares of PIMCO Income Strategy Fund II stock opened at $7.49 on Friday. PIMCO Income Strategy Fund II has a 1 year low of $6.26 and a 1 year high of $7.67. The firm’s 50-day simple moving average is $7.44 and its 200-day simple moving average is $7.49.

About PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.