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

PIMCO Income Strategy Fund II (NYSE:PFN) declared 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) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Tuesday, January 13th.

PIMCO Income Strategy Fund II Trading Up 0.2%

Shares of NYSE:PFN opened at $7.49 on Friday. The stock has a 50 day moving average of $7.44 and a 200 day moving average of $7.49. PIMCO Income Strategy Fund II has a 12-month low of $6.26 and a 12-month high of $7.67.

Institutional Trading of PIMCO Income Strategy Fund II

Several institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank lifted its stake in shares of PIMCO Income Strategy Fund II by 45.8% during the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,375 shares in the last quarter. Allworth Financial LP lifted its position in shares of PIMCO Income Strategy Fund II by 179.6% in the second quarter. Allworth Financial LP now owns 5,509 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 3,539 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of PIMCO Income Strategy Fund II in the third quarter worth about $76,000. Gridiron Partners LLC bought a new position in shares of PIMCO Income Strategy Fund II in the second quarter worth about $80,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of PIMCO Income Strategy Fund II during the third quarter worth about $84,000.

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.