PIMCO Municipal Income Fund II
PMLFinancial Services · Stock · monthly payer
$7.51
Add to PortfolioForward Yield
6.31%
Annual Dividend
$0.47
Payout Ratio
4740%
5-Yr Growth
-7.5%
Ex-Date
Jun 11, 2026
Frequency
Monthly
PML Dividend Safety Score
54/ 100
Grade C
Borderline
Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage4740% of earnings paid out
Free-cash-flow coverage52% of free cash flow
Balance-sheet strengthDebt/equity of 0.73
Yield vs its historyYield in line with its history
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
Is PML a good dividend stock?
MixedPIMCO Municipal Income Fund II (PML) pays a monthly dividend yielding 6.31% ($0.47/yr), with 2 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 2023
- Elevated payout ratio (4740%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.31%
- Payout Ratio
- 4740%
- Annual Dividend
- $0.47
- 5-Yr Avg Growth
- -7.5%
- Ex-Dividend Date
- Jun 11, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.69
- Market Cap
- $499.4M
- P/E Ratio
- 751.0
- 5-Yr Total Return
- -50%
- 52-Week Range
- $7.10 – $8.01
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 11, 2026 | — | $0.0400 | regular |
| Apr 13, 2026 | — | $0.0400 | regular |
| Mar 12, 2026 | — | $0.0400 | regular |
| Feb 12, 2026 | — | $0.0400 | regular |
| Jan 13, 2026 | — | $0.0400 | regular |
| Dec 11, 2025 | — | $0.0400 | regular |
| Nov 14, 2025 | — | $0.0400 | regular |
| Oct 14, 2025 | — | $0.0400 | regular |
| Sep 12, 2025 | — | $0.0400 | regular |
| Aug 11, 2025 | — | $0.0400 | regular |
| Jul 11, 2025 | — | $0.0400 | regular |
| Jun 12, 2025 | — | $0.0400 | regular |
| May 12, 2025 | — | $0.0400 | regular |
| Apr 11, 2025 | — | $0.0400 | regular |
Income Calculator
At $0.47 / yr per share
Per payment (monthly)$3.92
Annual$47.00
Monthly avg$3.92
