PIMCO High Income Fund Declares Monthly Dividend of $0.05 (NYSE:PHK)

by · The Markets Daily

PIMCO High Income Fund (NYSE:PHK – Get Free Report) announced a monthly dividend on Monday, June 1st. Investors of record on Thursday, June 11th will be paid a dividend of 0.048 per share by the investment management company on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Thursday, June 11th.

PIMCO High Income Fund Stock Down 0.1%

Shares of PHK opened at $4.56 on Tuesday. PIMCO High Income Fund has a fifty-two week low of $4.41 and a fifty-two week high of $5.04. The firm’s 50 day moving average price is $4.60 and its 200 day moving average price is $4.78.

PIMCO High Income Fund Company Profile

(Get Free Report)

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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