PIMCO New York Municipal Income Fund II (NYSE:PNI) to Issue $0.03 Monthly Dividend

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Monday, March 2nd. Investors of record on Thursday, March 12th will be given a dividend of 0.0295 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, March 12th.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of PIMCO New York Municipal Income Fund II stock opened at $6.97 on Tuesday. PIMCO New York Municipal Income Fund II has a 1-year low of $6.43 and a 1-year high of $7.35. The business has a 50-day moving average of $7.03 and a 200-day moving average of $6.95.

Institutional Investors Weigh In On PIMCO New York Municipal Income Fund II

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new position in shares of PIMCO New York Municipal Income Fund II in the 3rd quarter valued at about $68,000. Envestnet Asset Management Inc. acquired a new stake in PIMCO New York Municipal Income Fund II in the second quarter valued at approximately $79,000. Baird Financial Group Inc. bought a new position in shares of PIMCO New York Municipal Income Fund II in the second quarter valued at approximately $117,000. Dopkins Wealth Management LLC raised its holdings in PIMCO New York Municipal Income Fund II by 83.8% during the 3rd quarter. Dopkins Wealth Management LLC now owns 28,646 shares of the company’s stock valued at $199,000 after acquiring an additional 13,061 shares during the period. Finally, Whitebox Advisors LLC bought a new position in PIMCO New York Municipal Income Fund II in the second quarter valued at $310,000.

PIMCO New York Municipal Income Fund II Company Profile

PIMCO New York Municipal Income Fund II (NYSE: PNI) is a closed-end management investment company that seeks to provide a high level of current income exempt from both federal and New York State income taxes. The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global fixed income investment firm. PNI invests primarily in investment-grade municipal obligations issued by or on behalf of the state of New York, its municipalities and related public authorities.

The fund’s portfolio is constructed with a focus on New York state general obligation and revenue bonds, including transportation, education, healthcare and utility-backed securities.