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

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 Stock Performance

Shares of PIMCO Income Strategy Fund II stock opened at $7.49 on Wednesday. The company’s fifty day simple moving average is $7.43 and its 200-day simple moving average is $7.04. PIMCO Income Strategy Fund II has a 1 year low of $5.93 and a 1 year high of $7.58.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Hedge funds and other institutional investors have recently modified their holdings of the stock. GeoWealth Management LLC grew its stake in shares of PIMCO Income Strategy Fund II by 102.6% in the first quarter. GeoWealth Management LLC now owns 25,475 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 12,900 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of PIMCO Income Strategy Fund II by 15.9% in the first quarter. Envestnet Asset Management Inc. now owns 20,004 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 2,748 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of PIMCO Income Strategy Fund II by 10.6% in the first quarter. Cetera Investment Advisers now owns 15,455 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 1,478 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of PIMCO Income Strategy Fund II in the first quarter worth $133,000. Finally, Logan Stone Capital LLC acquired a new stake in shares of PIMCO Income Strategy Fund II in the fourth quarter worth $109,000.

PIMCO Income Strategy Fund II Company Profile

(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.

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

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