PIMCO Municipal Income Fund II (NYSE:PML) Announces Monthly Dividend of $0.04

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.0395 per share by the investment management company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, August 13th.

PIMCO Municipal Income Fund II Stock Performance

PML opened at $7.29 on Tuesday. The business has a 50 day moving average of $7.49 and a 200-day moving average of $7.57. PIMCO Municipal Income Fund II has a 52 week low of $7.10 and a 52 week high of $8.01.

Insiders Place Their Bets

In other news, Director Sonya Morris acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was acquired at an average price of $7.50 per share, for a total transaction of $37,500.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $75,000. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of PIMCO Municipal Income Fund II

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in PIMCO Municipal Income Fund II by 49.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 880,651 shares of the investment management company’s stock valued at $6,640,000 after buying an additional 290,269 shares during the last quarter. Wagner Wealth Management LLC grew its stake in shares of PIMCO Municipal Income Fund II by 11.2% in the first quarter. Wagner Wealth Management LLC now owns 1,082,412 shares of the investment management company’s stock worth $8,194,000 after acquiring an additional 108,907 shares during the last quarter. Worthington Financial Partners LLC purchased a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter worth $1,511,000. Virtu Financial LLC bought a new position in shares of PIMCO Municipal Income Fund II during the fourth quarter valued at $1,112,000. Finally, Arkadios Wealth Advisors bought a new position in shares of PIMCO Municipal Income Fund II during the first quarter valued at $8,240,000.

PIMCO Municipal Income Fund II Company Profile

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.

The fund’s portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.