PIMCO High Income Fund (NYSE:PHK - Get Free Report) announced a monthly dividend on Monday, April 1st, investing.com reports. Stockholders of record on Thursday, April 11th will be paid a dividend of 0.048 per share by the investment management company on Wednesday, May 1st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 11.61%. The ex-dividend date of this dividend is Wednesday, April 10th.
PIMCO High Income Fund has decreased its dividend payment by an average of 3.6% annually over the last three years.
PIMCO High Income Fund Stock Performance
Shares of NYSE:PHK remained flat at $4.96 during mid-day trading on Wednesday. The company had a trading volume of 390,776 shares, compared to its average volume of 475,211. The business's 50 day moving average price is $4.93 and its 200 day moving average price is $4.72. PIMCO High Income Fund has a fifty-two week low of $4.13 and a fifty-two week high of $5.15.
Institutional Trading of PIMCO High Income Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in PHK. Morgan Stanley increased its stake in PIMCO High Income Fund by 91.3% in the 4th quarter. Morgan Stanley now owns 1,172,498 shares of the investment management company's stock valued at $5,546,000 after buying an additional 559,537 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of PIMCO High Income Fund by 119.0% in the 1st quarter. Bank of America Corp DE now owns 695,363 shares of the investment management company's stock valued at $4,019,000 after acquiring an additional 377,903 shares in the last quarter. Millennium Management LLC grew its holdings in shares of PIMCO High Income Fund by 524.1% in the 4th quarter. Millennium Management LLC now owns 302,834 shares of the investment management company's stock valued at $1,432,000 after acquiring an additional 254,311 shares in the last quarter. Cetera Advisor Networks LLC increased its position in shares of PIMCO High Income Fund by 64.4% in the fourth quarter. Cetera Advisor Networks LLC now owns 514,874 shares of the investment management company's stock valued at $2,435,000 after acquiring an additional 201,677 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in PIMCO High Income Fund by 29.2% during the first quarter. Guggenheim Capital LLC now owns 642,357 shares of the investment management company's stock worth $3,713,000 after acquiring an additional 145,220 shares in the last quarter. 11.75% of the stock is currently owned by institutional investors and hedge funds.
About PIMCO High Income Fund
(
Get Free Report)
PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.
Recommended Stories
Before you consider PIMCO High Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PIMCO High Income Fund wasn't on the list.
While PIMCO High Income Fund currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
