PIMCO Municipal Income Fund II (NYSE:PML) Shareholders Set to Receive $0.04 Monthly Dividend

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.0395 per share by the investment management company on Tuesday, December 1st. This represents a $0.47 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, November 13th.

PIMCO Municipal Income Fund II Stock Performance

PIMCO Municipal Income Fund II stock traded up $0.04 on Tuesday, hitting $6.91. 361,056 shares of the stock traded hands, compared to its average volume of 503,154. The business’s fifty day simple moving average is $6.85 and its 200 day simple moving average is $7.38. PIMCO Municipal Income Fund II has a 1 year low of $6.39 and a 1 year high of $7.93.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II is a closed-end investment fund listed on the New York Stock Exchange under the symbol PML. The fund is managed by Pacific Investment Management Company LLC (PIMCO), an investment management firm, and is designed to provide current income that is exempt from regular U.S. federal income tax. It may also seek capital appreciation as a secondary investment objective.

The fund invests primarily in municipal bonds and other municipal securities issued by U.S. states, territories, possessions, municipalities and related public entities.