Pimco Municipal Income Fund II (PML) Receiving Somewhat Positive Press Coverage, Study Shows
News stories about Pimco Municipal Income Fund II (NYSE:PML) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pimco Municipal Income Fund II earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 46.2917336847566 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Pimco Municipal Income Fund II (NYSE:PML) traded up 0.75% on Tuesday, hitting $13.38. 52,245 shares of the company were exchanged. The firm’s 50-day moving average is $13.35 and its 200-day moving average is $12.96. Pimco Municipal Income Fund II has a 52-week low of $11.57 and a 52-week high of $13.92.
The business also recently announced a monthly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.78 dividend on an annualized basis and a yield of 5.87%.
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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