SmarterDividends
PFN

PIMCO Income Strategy Fund II (PFN) Dividend

PIMCO Income Strategy Fund II · Financial Services · Asset Management · monthly payer

$6.35

Undervalued · +118% Add to Portfolio

As of Nov 8, 2026, PIMCO Income Strategy Fund II (PFN) pays a monthly dividend of $0.0720 per share, or $0.86 a year, a 13.57% yield at its $6.35 share price. The next ex-dividend date is Nov 13, 2026, paid Nov 27, 2026. It has a dividend safety grade of C.

Forward Yield

13.57%

Annual Dividend

$0.86

Payout Ratio

166%

5-Yr Growth

-2.1%

Ex-Date

Nov 13, 2026

Frequency

Monthly

Key facts about PFN's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, PIMCO Income Strategy Fund II (PFN) has a forward dividend yield of 13.57%, based on an annual dividend of $0.86 per share and a share price of $6.35.
  • As of Nov 8, 2026, PFN's dividend safety grade from SmarterDividends is C (57 out of 100), which rates the dividend as borderline.
  • PFN last cut its regular dividend in 2022.
  • PFN's next ex-dividend date is Nov 13, 2026, with payment on Nov 27, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 8, 2026, PFN pays out 166% of its trailing 12-month earnings as dividends (its payout ratio).
  • PFN's dividend has shrunk at an average rate of 2.1% a year over the past five years.
  • As of Nov 8, 2026, PFN's 13.57% yield is 23% above its five-year average yield of 11.06%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for PFN is $13.84 per share, 118% above the $6.35 share price, so PFN screens as undervalued.
  • PIMCO Income Strategy Fund II (PFN) pays its dividend monthly, 12 times a year.
  • PIMCO Income Strategy Fund II (PFN) has raised its regular dividend 13 times and cut it 9 times across the 265 payments on record since 2004. Its most recent change was a 10.0% cut to $0.0720 per share, going ex-dividend on Sep 10, 2021.
Cite this page

SmarterDividends, "PFN Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/PFN

Is PFN a good dividend stock?

Mixed

PIMCO Income Strategy Fund II (PFN) pays a monthly dividend yielding 13.57% ($0.86/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2022
    • Elevated payout ratio (166%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    13.57%
    Payout Ratio
    166%
    Annual Dividend
    $0.86
    5-Yr Avg Growth
    -2.1%
    Ex-Dividend Date
    Nov 13, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    0.55
    Market Cap
    $627.5M
    P/E Ratio
    —
    5-Yr Total Return
    -34%
    52-Week Range
    $6.04 – $7.59
    Dividend Safety
    C · 57/100
    Ever Cut?
    Yes (2022)

    PFN dividend raises and cuts

    PIMCO Income Strategy Fund II (PFN) has raised its regular dividend 13 times and cut it 9 times across the 265 payments on record since 2004. Its most recent change was a 10.0% cut to $0.0720 per share, going ex-dividend on Sep 10, 2021.

    Ex-dateChangeOld → newMove
    Sep 10, 2021Cut$0.0800 → $0.0720−10.0%
    May 9, 2012Raise$0.0650 → $0.0800+23.1%
    Jul 8, 2010Raise$0.0590 → $0.0650+10.2%
    Apr 8, 2010Raise$0.0580 → $0.0590+1.7%
    Jan 12, 2010Cut$0.0590 → $0.0580−1.7%
    Oct 8, 2009Cut$0.0610 → $0.0590−3.3%
    Jul 9, 2009Cut$0.0690 → $0.0610−11.6%
    Apr 8, 2009Cut$0.0890 → $0.0690−22.5%
    Mar 26, 2009Cut$0.0990 → $0.0890−10.1%
    Sep 11, 2008Raise$0.0970 → $0.0990+2.1%
    Jun 12, 2008Cut$0.105 → $0.0970−7.6%
    Mar 13, 2008Cut$0.140 → $0.105−25.0%
    Show all 22 changes since 2005
    Ex-dateChangeOld → newMove
    Dec 13, 2007Cut$0.149 → $0.140−6.0%
    Sep 13, 2007Raise$0.143 → $0.149+4.2%
    Sep 7, 2006Raise$0.141 → $0.144+2.1%
    Jun 8, 2006Raise$0.133 → $0.141+6.0%
    Mar 9, 2006Raise$0.127 → $0.133+4.7%
    Dec 14, 2005Raise$0.117 → $0.127+8.5%
    Sep 14, 2005Raise$0.108 → $0.117+8.3%
    Jun 15, 2005Raise$0.101 → $0.108+6.9%
    Mar 16, 2005Raise$0.0980 → $0.101+3.1%
    Jan 19, 2005Raise$0.0920 → $0.0980+6.5%
    Every PFN payment →Download every raise and cut (CSV)
    PFN ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →PFN dividend historyEvery payment, totals by year, raises and cutsView →PFN dividend calculator100 shares pay $86.00 a year, $7.17 each monthCalculate →PFN total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is PFN a good dividend stock?

    Mixed. PIMCO Income Strategy Fund II (PFN) pays a monthly dividend yielding 13.57% ($0.86/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is PFN undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PFN's fair value is about $13.84 versus a $6.35 share price — so it looks undervalued (+118% vs. fair value).

    Is PFN's dividend safe?

    PFN has a dividend-safety grade of C (57/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

    What is PFN's fair value?

    Our blended fair-value estimate for PFN is about $13.84 per share, roughly 118% above the current $6.35 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is PFN a buy, hold, or sell?

    We don't issue formal ratings, but on the data PFN screens as "mixed" and undervalued. PIMCO Income Strategy Fund II (PFN) pays a monthly dividend yielding 13.57% ($0.86/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will PFN cut its dividend?

    PFN earns a dividend-safety grade of C (57/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does PFN pay a dividend?

    Yes. PIMCO Income Strategy Fund II pays a monthly dividend of about $0.86 per share annually, a forward yield of roughly 13.57%.

    How much dividend does 100 shares of PFN pay?

    At $0.86 per share a year, 100 shares of PFN pay $86.00 a year in dividends before tax, about $7.17 each month. Buying them costs about $635 at the Nov 8, 2026 price.

    What is PFN's dividend yield?

    As of Nov 8, 2026, PFN's forward dividend yield is 13.57%, based on a $0.86 annual dividend and a $6.35 share price.

    What is PFN's dividend per share?

    As of Nov 8, 2026, PFN pays $0.86 per share per year, distributed on a monthly basis.

    What is PFN's dividend payout ratio?

    As of Nov 8, 2026, PFN's payout ratio is 166% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has PFN grown its dividend?

    PFN does not currently have a long dividend-growth streak on record.

    When is the next PFN ex-dividend date?

    As of Nov 8, 2026, the next ex-dividend date on record for PFN is Nov 13, 2026.

    Income Calculator

    At $0.86 / yr per share

    Per payment (monthly)$7.17
    Annual$86.00
    Monthly avg$7.17
    Full PFN dividend calculator →

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