PIMCO Municipal Income Fund II (PML) Dividend Analysis
Does PIMCO Municipal Income Fund II (PML) pay a dividend?
Yes. PIMCO Municipal Income Fund II (PML) pays a dividend: $0.48 per share over the last twelve months, a dividend yield of 7.17% at the latest close.
It has raised its dividend per share for 3 years in a row, shrinking at 7.5% a year over the last 5 years. The payout takes about 99.3% of earnings.
Computed from company filings. Ex-dividend and payment dates are not part of those filings, so they are not shown here. This is analysis, not investment advice.
| Fiscal year | Per share | Change |
|---|---|---|
| 2025 | $0.48 | +0.8% |
| 2024 | $0.48 | +0.4% |
| 2023 | $0.47 | +71.4% |
| 2022 | $0.28 | -6.3% |
| 2021 | $0.30 | -58.3% |
| 2020 | $0.71 | -4.1% |
| 2019 | $0.74 | -5.4% |
| 2018 | $0.78 | 0.0% |
| 2017 | $0.78 | 0.0% |
| 2016 | $0.78 | 0.0% |
Newest 10 of 24 fiscal years; the chart below has the full series. Each payment counts toward the fiscal year it is paid for, so a final dividend paid in spring belongs to the year before. Figures are adjusted for stock splits, so a fall is a cut.
FCF does not fully cover the dividend, sustainability is a concern.
Based on TTM and annual data · Not a buy/sell signal
Score Breakdown
Safety
40% of composite
Growth
35% of composite
Income
25% of composite
Composite = Safety (0) × 0.40 + Growth (23) × 0.35 + Income (100) × 0.25 = 33
Dividend Yield
7.17%
Per Share (TTM)
$0.48
Payout Ratio
99.3%
5Y CAGR
-7.5%
Dividend Safety
Earnings Payout
99.3%
FCF Payout
—
FCF Coverage
-9.4x
Dividend Growth
Per Share (TTM)
$0.48
Growth Streak
3 years
5Y CAGR
-7.5%
Dividend Income
Annual DPS (TTM)
$0.48
Annual Income / $10K
$717
Payment frequency, ex-dividend and payment dates are not available from company filings. Check your broker or the company's investor relations page for the schedule.
PIMCO Municipal Income Fund II (PML) dividend: yield, safety and growth
Frequently asked
Does PIMCO Municipal Income Fund II (PML) pay a dividend, and how much?+
Yes, PIMCO Municipal Income Fund II pays a regular dividend of about $0.48 per share per year (a yield of roughly 7.2%). That is a payout ratio of about 99.3% of earnings, so it is not currently covered by free cash flow. A low headline yield is not the same as a weak dividend: what matters is how well earnings and cash flow cover the payout, not the percentage alone. The full payout history and per-share figures are on this dividends tab.
Is PIMCO Municipal Income Fund II's dividend safe?+
PIMCO Municipal Income Fund II's dividend looks not currently covered by free cash flow, with free cash flow covering the payout about -9.4 times over. Intrinsiqq scores its dividend safety at 0 out of 100, weighing the payout ratio, free-cash-flow coverage and balance-sheet strength. Safety matters more than yield: a payout you can rely on beats a high one you cannot.
Has PIMCO Municipal Income Fund II grown its dividend?+
PIMCO Municipal Income Fund II has raised its dividend for about 3 years in a row. Recent dividend growth has been roughly flat. Consistent growth is one of the strongest signals of a durable, shareholder-friendly business, so read the streak alongside coverage on this tab.
What is PIMCO Municipal Income Fund II's dividend payout ratio?+
PIMCO Municipal Income Fund II pays out about 99.3% of its earnings as dividends. A lower payout ratio leaves more room to keep raising the dividend and to absorb a bad year, while a very high ratio can signal a payout under pressure. On this measure the dividend is not currently covered by free cash flow. See the dividend-safety breakdown for the free-cash-flow view, which is often more telling than earnings.
Related stocks: Asset Management
Spot a number that looks wrong?
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.