PIMCO Access Income Fund (NYSE:PAXS) to Issue $0.15 Monthly Dividend

PIMCO Access Income Fund (NYSE:PAXS) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 13th will be paid a dividend of 0.1494 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date of this dividend is Tuesday, January 13th.

PIMCO Access Income Fund Price Performance

Shares of NYSE:PAXS opened at $15.80 on Friday. The business’s 50 day simple moving average is $15.66 and its 200 day simple moving average is $15.72. PIMCO Access Income Fund has a 1 year low of $13.63 and a 1 year high of $16.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PAXS. Advisory Services Network LLC bought a new stake in PIMCO Access Income Fund during the third quarter worth about $61,000. LifePlan Investment Advisors Inc. acquired a new position in shares of PIMCO Access Income Fund in the 3rd quarter valued at approximately $163,000. Alexander Labrunerie & CO. Inc. acquired a new position in shares of PIMCO Access Income Fund in the 2nd quarter valued at approximately $159,000. PFG Investments LLC bought a new stake in shares of PIMCO Access Income Fund during the 3rd quarter worth approximately $173,000. Finally, Hilton Capital Management LLC acquired a new stake in shares of PIMCO Access Income Fund during the 2nd quarter worth approximately $181,000.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.