PIMCO New York Municipal Income Fund II
PIMCO New York Municipal Income Fund II is a closed-end municipal bond fund focused on providing current income that is exempt from federal, New York State, and New York City income tax. Managed by PIMCO, the fund primarily invests in a diversified portfolio of New York municipal bonds, along with selected municipal-related securities and short-term instruments used for liquidity and portfolio management. Its strategy is designed to serve investors seeking exposure to tax-exempt fixed income tied to New York public finance markets. As a closed-end fund, PIMCO New York Municipal Income Fund II issues shares that trade on the market while its underlying portfolio is actively managed, making it a specialized vehicle within the municipal bond segment of the financial market.
$6.27
+$0.04 (+0.64%)
EOD Oct 16, 2026
Revenue grew 1772.6%, still solid. Free cash flow declined 716% despite revenue growth, conversion is weakening.
Free cash flow declined 716% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$65M. The business is consuming cash, not generating it.
10.9x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$7M
▲ +1772.6% YoY
Net Income (TTM)
$6M
▲ +1240.5% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
-$65M
▼ -716.4% YoY
Op. Cash Flow (TTM)
-$65M
▼ -716.4% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$2M
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Is PIMCO New York Municipal Income Fund II (PNI) overvalued?
At a P/E of 10.9, PIMCO New York Municipal Income Fund II (PNI)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, PIMCO New York Municipal Income Fund II scores 27/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.7%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is PIMCO New York Municipal Income Fund II a high-quality business?+
PIMCO New York Municipal Income Fund II scores 27 out of 100 on Intrinsiqq's quality score, a weighted blend of 4 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does PIMCO New York Municipal Income Fund II (PNI) pay a dividend, and how much?+
Yes, PIMCO New York Municipal Income Fund II pays a regular dividend of about $0.36 per share per year (typically in quarterly installments), a yield of roughly 5.7% at the current price. That is a payout ratio of about 62.8% of earnings, so the dividend is well covered. PIMCO New York Municipal Income Fund II has grown the dividend at roughly 16.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For PNI's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is PIMCO New York Municipal Income Fund II a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh PNI's valuation and scores 27/100 on quality (lower-quality). It also yields about 5.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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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.