Pioneer High Income Fund, Inc. (NYSE:PHT – Get Rating) declared a monthly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Thursday, August 18th will be paid a dividend of 0.063 per share by the closed-end fund on Wednesday, August 31st. This represents a $0.76 annualized dividend and a yield of 10.36%. The ex-dividend date is Wednesday, August 17th. This is a boost from Pioneer High Income Fund’s previous monthly dividend of $0.06.
Pioneer High Income Fund Price Performance
NYSE PHT traded down $0.04 during midday trading on Friday, hitting $7.30. The company had a trading volume of 148,981 shares, compared to its average volume of 99,343. The firm has a 50-day moving average price of $7.12 and a 200-day moving average price of $7.73. Pioneer High Income Fund has a twelve month low of $6.81 and a twelve month high of $11.22.
Hedge Funds Weigh In On Pioneer High Income Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its holdings in Pioneer High Income Fund by 35.4% in the 1st quarter. Invesco Ltd. now owns 414,879 shares of the closed-end fund’s stock valued at $3,369,000 after acquiring an additional 108,556 shares in the last quarter. Vident Investment Advisory LLC raised its holdings in Pioneer High Income Fund by 23.9% in the 1st quarter. Vident Investment Advisory LLC now owns 208,137 shares of the closed-end fund’s stock valued at $1,690,000 after acquiring an additional 40,215 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Pioneer High Income Fund by 11.6% in the 1st quarter. NewEdge Advisors LLC now owns 77,800 shares of the closed-end fund’s stock valued at $632,000 after acquiring an additional 8,100 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Pioneer High Income Fund by 14.2% during the 1st quarter. Bank of America Corp DE now owns 74,914 shares of the closed-end fund’s stock worth $608,000 after buying an additional 9,340 shares in the last quarter. Finally, Advisors Asset Management Inc. acquired a new position in shares of Pioneer High Income Fund during the 1st quarter worth $475,000.
Pioneer High Income Fund Company Profile
Pioneer High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities.
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