PIMCO HIF (PHK) Plans $0.08 Monthly Dividend
PIMCO HIF (NYSE:PHK) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be paid a dividend of 0.0807 per share by the investment management company on Wednesday, November 1st. This represents a $0.97 dividend on an annualized basis and a dividend yield of 11.67%. The ex-dividend date of this dividend is Thursday, October 12th.
PIMCO HIF has decreased its dividend by an average of 8.0% annually over the last three years.
Shares of PIMCO HIF (PHK) traded up 0.12% during mid-day trading on Wednesday, hitting $8.31. The company’s stock had a trading volume of 185,912 shares. The company has a 50-day moving average of $8.38 and a 200 day moving average of $8.63. PIMCO HIF has a 1-year low of $8.09 and a 1-year high of $9.97.
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PIMCO HIF Company Profile
PIMCO High Income Fund is a closed-end management investment company. The Fund’s primary investment objective is to seek high current income, with capital appreciation as a secondary objective. The Fund will not invest more than 25% of total assets in non-United States-dollar-denominated securities. The Fund will not invest more than 40% of total assets in securities of issuers located in emerging market countries.
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