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

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.0395 per share by the investment management company on Tuesday, April 1st. This represents a $0.47 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Thursday, March 13th.

PIMCO Municipal Income Fund II has decreased its dividend by an average of 12.5% annually over the last three years.

PIMCO Municipal Income Fund II Price Performance

NYSE:PML traded down $0.08 during trading hours on Tuesday, reaching $8.54. 121,788 shares of the company traded hands, compared to its average volume of 208,651. The firm’s 50-day moving average is $8.32 and its 200-day moving average is $8.69. PIMCO Municipal Income Fund II has a 1-year low of $7.94 and a 1-year high of $9.52.

About PIMCO Municipal Income Fund II

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