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

PIMCO Income Strategy Fund II (NYSE:PFN) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.072 per share by the financial services provider on Monday, June 3rd. This represents a $0.86 dividend on an annualized basis and a yield of 11.61%. The ex-dividend date is Friday, May 10th. This is a positive change from PIMCO Income Strategy Fund II’s previous monthly dividend of $0.07.

PIMCO Income Strategy Fund II has decreased its dividend payment by an average of 3.5% annually over the last three years.

PIMCO Income Strategy Fund II Price Performance

PFN stock opened at $7.44 on Thursday. PIMCO Income Strategy Fund II has a one year low of $5.93 and a one year high of $7.58. The firm has a 50 day simple moving average of $7.35 and a two-hundred day simple moving average of $7.18.

About PIMCO Income Strategy Fund II

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.