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

PIMCO New York Municipal Income Fund (NYSE:PNF) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Thursday, December 12th will be given a dividend of 0.0335 per share on Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Thursday, December 12th.

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

PIMCO New York Municipal Income Fund Stock Down 0.5 %

Shares of PNF stock traded down $0.04 during mid-day trading on Tuesday, reaching $7.97. The stock had a trading volume of 40,394 shares, compared to its average volume of 23,198. The business’s fifty day moving average is $8.11 and its 200-day moving average is $7.98. PIMCO New York Municipal Income Fund has a 1-year low of $7.43 and a 1-year high of $8.40.

About PIMCO New York Municipal Income Fund

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.