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

PIMCO Income Strategy Fund II (NYSE:PFNGet Free Report) declared a monthly dividend on Monday, April 1st, investing.com reports. Shareholders of record on Thursday, April 11th will be paid a dividend of 0.0718 per share by the financial services provider on Wednesday, May 1st. This represents a $0.86 annualized dividend and a yield of 11.50%. The ex-dividend date of this dividend is Wednesday, April 10th.

PIMCO Income Strategy Fund II has decreased its dividend by an average of 3.5% per year over the last three years.

PIMCO Income Strategy Fund II Price Performance

Shares of NYSE:PFN opened at $7.49 on Wednesday. The stock’s 50-day simple moving average is $7.43 and its two-hundred day simple moving average is $7.04. PIMCO Income Strategy Fund II has a 52-week low of $5.93 and a 52-week high of $7.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PFN. PNC Financial Services Group Inc. lifted its position in shares of PIMCO Income Strategy Fund II by 691.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,723 shares of the financial services provider’s stock valued at $40,000 after buying an additional 5,000 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of PIMCO Income Strategy Fund II by 623.0% during the 4th quarter. International Assets Investment Management LLC now owns 7,230 shares of the financial services provider’s stock valued at $52,000 after buying an additional 6,230 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of PIMCO Income Strategy Fund II during the 2nd quarter valued at about $79,000. Captrust Financial Advisors purchased a new position in shares of PIMCO Income Strategy Fund II during the 2nd quarter valued at about $82,000. Finally, Jane Street Group LLC purchased a new position in shares of PIMCO Income Strategy Fund II during the 2nd quarter valued at about $85,000.

About PIMCO Income Strategy Fund II

(Get Free Report)

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.

See Also

Dividend History for PIMCO Income Strategy Fund II (NYSE:PFN)

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