PIMCO New York Municipal Income Fund (NYSE:PNF) to Issue Monthly Dividend of $0.03

PIMCO New York Municipal Income Fund (NYSE:PNF) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, January 13th will be paid a dividend of 0.0335 per share on Monday, February 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Monday, January 13th.

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

PIMCO New York Municipal Income Fund Stock Up 0.7 %

Shares of NYSE:PNF traded up $0.05 on Friday, hitting $7.55. The company had a trading volume of 30,367 shares, compared to its average volume of 27,083. The business has a 50 day moving average of $7.84 and a 200 day moving average of $7.95. PIMCO New York Municipal Income Fund has a 52-week low of $7.36 and a 52-week high of $8.40.

PIMCO New York Municipal Income Fund Company Profile

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.