PIMCO Municipal Income Fund II Announces $0.0395 Monthly Dividend
The PIMCO Municipal Income Fund II (NYSE:PML) has declared a monthly dividend of $0.0395 per share, translating to an annualized forward yield of 7.31%. The dividend is payable on November 2 and will be distributed to shareholders who are registered as of October 13; the ex-dividend date also falls on October 13. This consistent monthly payout reflects the fund's strategy focused on generating income from municipal bonds, which often appeal to investors seeking tax-advantaged returns. The yield is above average for similar fixed-income investments and may attract dividend-focused investors looking for stable cash flow in a low-yield environment.
Tickers: $PML
Topics: dividend income fund