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

Key Points

• PIMCO High Income Fund (PHK) announced a monthly dividend of $0.048 per share, payable May 1 to shareholders of record on April 13, implying an annualized yield of 12.4%.
• PHK shares were trading around $4.66, with a 12‑month low/high of $4.41/$5.04 and 50‑day and 200‑day simple moving averages of $4.78 and $4.85, respectively.
• The closed‑end fund seeks high current income via a diversified portfolio of fixed‑income securities—including high‑yield corporate bonds, emerging‑market debt, securitized products and leveraged loans—and may use derivatives to enhance income and manage duration.

PIMCO High Income Fund (NYSE:PHK - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Investors of record on Monday, April 13th will be given a dividend of 0.048 per share by the investment management company on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Monday, April 13th.

PIMCO High Income Fund Price Performance

PHK stock opened at $4.66 on Friday. PIMCO High Income Fund has a twelve month low of $4.41 and a twelve month high of $5.04. The business's 50-day simple moving average is $4.78 and its 200 day simple moving average is $4.85.

Institutional Trading of PIMCO High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. acquired a new position in shares of PIMCO High Income Fund in the second quarter valued at $235,000. Invesco Ltd. boosted its stake in PIMCO High Income Fund by 2.3% during the second quarter. Invesco Ltd. now owns 1,226,204 shares of the investment management company's stock worth $5,886,000 after buying an additional 27,751 shares in the last quarter. Jane Street Group LLC bought a new stake in PIMCO High Income Fund in the 2nd quarter valued at $48,000. Bank of America Corp DE raised its stake in shares of PIMCO High Income Fund by 3.5% in the 2nd quarter. Bank of America Corp DE now owns 960,259 shares of the investment management company's stock valued at $4,609,000 after buying an additional 32,540 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its stake in shares of PIMCO High Income Fund by 23.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 430,521 shares of the investment management company's stock valued at $2,067,000 after buying an additional 80,433 shares in the last quarter. 11.75% of the stock is currently owned by institutional investors.

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.

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