Looking at the universe of stocks we cover at Dividend Channel, on 11/7/13, PIMCO Municipal Income Fund II (NYSE: PML) will trade ex-dividend, for its monthly dividend of $0.065, payable on 12/2/13. As a percentage of PML's recent stock price of $11.08, this dividend works out to approximately 0.59%, so look for shares of PIMCO Municipal Income Fund II to trade 0.59% lower — all else being equal — when PML shares open for trading on 11/7/13.
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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 7.04% 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:
Looking at the chart above, PML's low point in its 52 week range is $10.44 per share, with $13.88 as the 52 week high point — that compares with a last trade of $11.08.
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According to the ETF Finder at ETFChannel.com, PML makes up 1.46% of the CEF Municipal Income ETF (AMEX: XMPT)which is trading relatively unchanged on the day Wednesday.
In Wednesday trading, PIMCO Municipal Income Fund II shares are currently down about 0.2% on the day.
