Cash Dividend On The Way From PIMCO Municipal Income Fund II (PML)

Looking at the universe of stocks we cover at Dividend Channel, on 12/10/13, PIMCO Municipal Income Fund II ( PML) will trade ex-dividend, for its monthly dividend of $0.065, payable on 1/2/14. As a percentage of PML's recent stock price of $10.35, this dividend works out to approximately 0.63%, so look for shares of PIMCO Municipal Income Fund II to trade 0.63% lower — all else being equal — when PML shares open for trading on 12/10/13.

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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:


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 7.54% 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 $10.31 per share, with $13.88 as the 52 week high point — that compares with a last trade of $10.36.

According to the ETF Finder at ETF Channel, PML makes up 1.51% 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 up about 0.4% on the day.


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