PIMCO New York Municipal Income Fund (NYSE:PNF) Announces $0.03 Monthly Dividend

by · The Cerbat Gem

PIMCO New York Municipal Income Fund (NYSE:PNF – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.0335 per share on Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 5.31%. The ex-dividend date is Friday, April 11th.

PIMCO New York Municipal Income Fund has decreased its dividend payment by an average of 7.3% annually over the last three years.

PIMCO New York Municipal Income Fund Price Performance

PNF stock traded up $0.07 during mid-day trading on Thursday, reaching $7.58. The company had a trading volume of 19,844 shares, compared to its average volume of 24,107. The firm has a 50 day moving average of $7.64 and a 200 day moving average of $7.81. PIMCO New York Municipal Income Fund has a 12 month low of $7.29 and a 12 month high of $8.39.

About PIMCO New York Municipal Income Fund

(Get Free Report)

PIMCO New York Municipal Income Fund 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 fixed income markets. It seeks to invest in stocks of companies operating across diversified sectors.

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