PIMCO High Income Fund (NYSE:PHK) to Issue $0.05 Monthly Dividend

PIMCO High Income Fund (NYSE:PHK) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 13th will be paid a dividend of 0.048 per share by the investment management company on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend is Tuesday, January 13th.

PIMCO High Income Fund Price Performance

PIMCO High Income Fund stock opened at $4.93 on Friday. PIMCO High Income Fund has a one year low of $4.18 and a one year high of $5.04. The company’s fifty day moving average price is $4.86 and its two-hundred day moving average price is $4.88.

Institutional Investors Weigh In On PIMCO High Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guerra Advisors Inc bought a new stake in PIMCO High Income Fund during the third quarter worth approximately $28,000. Aspect Partners LLC acquired a new stake in shares of PIMCO High Income Fund in the third quarter worth $29,000. Private Trust Co. NA bought a new stake in shares of PIMCO High Income Fund during the 3rd quarter worth $50,000. Jane Street Group LLC bought a new stake in shares of PIMCO High Income Fund during the 2nd quarter worth $48,000. Finally, Zullo Investment Group Inc. acquired a new position in PIMCO High Income Fund in the 3rd quarter valued at $50,000. 11.75% of the stock is currently owned by institutional investors and hedge funds.

About PIMCO High Income Fund

The PIMCO High Income Fund (NYSE: PHK) is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration.

PHK’s investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.