PIMCO Income Strategy Fund II
PFNFinancial Services · Stock · monthly payer
Forward Yield
13.76%
Annual Dividend
$0.86
Payout Ratio
166%
5-Yr Growth
-2.1%
Ex-Date
Sep 11, 2026
Frequency
Monthly
Summary
As of September 2026, PIMCO Income Strategy Fund II (PFN) yields 13.76% ($0.86 per share annually), with a blended fair-value estimate of $14.24 — +120% upside, so it screens as undervalued. Dividend safety grade: C (57/100).
Is PFN a good dividend stock?
MixedPIMCO Income Strategy Fund II (PFN) pays a monthly dividend yielding 13.76% ($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
- 13.76%
- Payout Ratio
- 166%
- Annual Dividend
- $0.86
- 5-Yr Avg Growth
- -2.1%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.57
- Market Cap
- $615.1M
- P/E Ratio
- —
- 5-Yr Total Return
- -36%
- 52-Week Range
- $6.45 – $7.65
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
PFN Price — Last 12 Months
Daily close
Price Return
1 Year
-13%
3 Years
+4%
5 Years
-36%
52-Week Range
$6.45 – $7.65
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PFN worth?
Undervaluedlow confidenceOur blended fair-value estimate for PIMCO Income Strategy Fund II is $14.24 per share, versus a market price of $6.48. That implies 120% of upside — a margin of safety of about 55%.
Fair Value
$14.24
Current Price
$6.48
Upside
+120%
Margin of Safety
55%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -2.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.1% discount rate (CAPM), -2.1% stage-1 growth, 2.5% terminal growth, $0.00 EPS, $0.86 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PFN Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PFN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | — | $0.0720 | regular |
| Aug 13, 2026 | — | $0.0720 | regular |
| Jul 13, 2026 | — | $0.0720 | regular |
| Jun 11, 2026 | — | $0.0720 | regular |
| May 11, 2026 | — | $0.0720 | regular |
| Apr 13, 2026 | — | $0.0720 | regular |
| Mar 12, 2026 | — | $0.0720 | regular |
| Feb 12, 2026 | — | $0.0720 | regular |
| Jan 13, 2026 | — | $0.0720 | regular |
| Dec 11, 2025 | — | $0.0720 | regular |
| Nov 14, 2025 | — | $0.0720 | regular |
| Oct 14, 2025 | — | $0.0720 | regular |
| Sep 12, 2025 | — | $0.0720 | regular |
| Aug 11, 2025 | — | $0.0720 | regular |
Income Calculator
At $0.86 / yr per share
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