PIMCO New York Municipal Income Fund II
PNIFinancial Services · Stock · monthly payer
Forward Yield
5.07%
Annual Dividend
$0.35
Payout Ratio
228%
5-Yr Growth
-5.6%
Ex-Date
Jul 13, 2026
Frequency
Monthly
Summary
As of July 2026, PIMCO New York Municipal Income Fund II (PNI) yields 5.07% ($0.35 per share annually), with a blended fair-value estimate of $9.62 — +38% upside, so it screens as undervalued. Dividend safety grade: C (54/100).
Is PNI a good dividend stock?
MixedPIMCO New York Municipal Income Fund II (PNI) pays a monthly dividend yielding 5.07% ($0.35/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 2023
- Elevated payout ratio (228%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.07%
- Payout Ratio
- 228%
- Annual Dividend
- $0.35
- 5-Yr Avg Growth
- -5.6%
- Ex-Dividend Date
- Jul 13, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.76
- Market Cap
- $78.4M
- P/E Ratio
- —
- 5-Yr Total Return
- -41%
- 52-Week Range
- $6.43 – $7.20
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
PNI Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
-5%
5 Years
-41%
52-Week Range
$6.43 – $7.20
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PNI worth?
Undervaluedlow confidenceOur blended fair-value estimate for PIMCO New York Municipal Income Fund II is $9.62 per share, versus a market price of $6.98. That implies 38% of upside — a margin of safety of about 27%.
Fair Value
$9.62
Current Price
$6.98
Upside
+38%
Margin of Safety
27%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -2.5% annual free-cash-flow growth. We model 19.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.1% discount rate (CAPM), 19.3% stage-1 growth, 2.5% terminal growth, -$0.10 EPS, $0.35 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PNI 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 13, 2026 | — | $0.0300 | regular |
| Jun 11, 2026 | — | $0.0300 | regular |
| May 11, 2026 | — | $0.0300 | regular |
| Apr 13, 2026 | — | $0.0300 | regular |
| Mar 12, 2026 | — | $0.0300 | regular |
| Feb 12, 2026 | — | $0.0300 | regular |
| Jan 13, 2026 | — | $0.0300 | regular |
| Dec 11, 2025 | — | $0.0300 | regular |
| Nov 14, 2025 | — | $0.0300 | regular |
| Oct 14, 2025 | — | $0.0300 | regular |
| Sep 12, 2025 | — | $0.0300 | regular |
| Aug 11, 2025 | — | $0.0300 | regular |
| Jul 11, 2025 | — | $0.0300 | regular |
| Jun 12, 2025 | — | $0.0300 | regular |
Income Calculator
At $0.35 / yr per share
