Pimco Municipal Income Fund II (PML) to Issue $0.07 Monthly Dividend

Pimco Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.065 per share by the investment management company on Thursday, February 1st. This represents a $0.78 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend is Thursday, January 11th.

Pimco Municipal Income Fund II has decreased its dividend payment by an average of 2.9% annually over the last three years.

Shares of Pimco Municipal Income Fund II (PML) traded up $0.05 during trading on Thursday, reaching $13.28. 200,000 shares of the company’s stock traded hands, compared to its average volume of 221,400. Pimco Municipal Income Fund II has a twelve month low of $12.21 and a twelve month high of $13.56.

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Pimco Municipal Income Fund II Company Profile

PIMCO Municipal Income Fund II (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.

Dividend History for Pimco Municipal Income Fund II (NYSE:PML)

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