PIMCO Income Strategy Fund II (NYSE:PFN – Get Rating) declared a monthly dividend on Wednesday, February 1st, Zacks reports. Investors of record on Monday, February 13th will be paid a dividend of 0.072 per share by the financial services provider on Wednesday, March 1st. This represents a $0.86 annualized dividend and a yield of 10.83%. The ex-dividend date is Friday, February 10th. This is an increase from PIMCO Income Strategy Fund II's previous monthly dividend of $0.07.
PIMCO Income Strategy Fund II has decreased its dividend by an average of 3.5% annually over the last three years.
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PIMCO Income Strategy Fund II Price Performance
PFN traded down $0.02 during midday trading on Friday, hitting $7.98. 61,806 shares of the company's stock traded hands, compared to its average volume of 258,261. The stock's fifty day simple moving average is $7.42 and its 200-day simple moving average is $7.49. PIMCO Income Strategy Fund II has a one year low of $6.73 and a one year high of $9.30.
Hedge Funds Weigh In On PIMCO Income Strategy Fund II
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PFN. Nomura Holdings Inc. acquired a new position in PIMCO Income Strategy Fund II during the second quarter valued at approximately $79,000. Jane Street Group LLC acquired a new stake in shares of PIMCO Income Strategy Fund II in the second quarter worth $85,000. Thrivent Financial for Lutherans acquired a new stake in shares of PIMCO Income Strategy Fund II in the second quarter worth $103,000. Cetera Investment Advisers grew its stake in shares of PIMCO Income Strategy Fund II by 10.6% in the first quarter. Cetera Investment Advisers now owns 15,455 shares of the financial services provider's stock worth $134,000 after acquiring an additional 1,478 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of PIMCO Income Strategy Fund II by 15.9% in the first quarter. Envestnet Asset Management Inc. now owns 20,004 shares of the financial services provider's stock worth $174,000 after acquiring an additional 2,748 shares during the last quarter.
About PIMCO Income Strategy Fund II
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PIMCO Income Strategy Fund II operates as a closed end investment trust. It engages in the provision of current income, consistent with the preservation of capital. The company was founded on October 29, 2004 and is headquartered in New York, NY.
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