Reminder - PIMCO Municipal Income Fund II (PML) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 7/9/13, PIMCO Municipal Income Fund II ( PML) will trade ex-dividend, for its monthly dividend of $0.065, payable on 8/1/13. As a percentage of PML's recent stock price of $11.20, this dividend works out to approximately 0.58%, so look for shares of PIMCO Municipal Income Fund II to trade 0.58% lower — all else being equal — when PML shares open for trading on 7/9/13.

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Below is a dividend history chart for PML, showing historical dividends prior to the most recent $0.065 declared by PIMCO Municipal Income Fund II:

PML+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PML is likely to continue, and whether the current estimated yield of 6.96% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PML shares, versus its 200 day moving average:

PIMCO Municipal Income Fund II 200 Day Moving Average Chart

Looking at the chart above, PML's low point in its 52 week range is $10.97 per share, with $13.88 as the 52 week high point — that compares with a last trade of $11.17.

According to the ETF Finder at ETF Channel, PML makes up 1.30% of the CEF Municipal Income ETF ( XMPT) which is trading relatively unchanged on the day Friday.

In Friday trading, PIMCO Municipal Income Fund II shares are currently down about 1.3% on the day.

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