PIMCO Access Income Fund (PAXS) To Go Ex-Dividend on January 13th

PIMCO Access Income Fund (NYSE:PAXS) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 13th will be paid a dividend of 0.1494 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Tuesday, January 13th.

PIMCO Access Income Fund Price Performance

NYSE:PAXS opened at $15.80 on Friday. PIMCO Access Income Fund has a 12-month low of $13.63 and a 12-month high of $16.56. The stock’s 50 day simple moving average is $15.66 and its 200-day simple moving average is $15.72.

Institutional Investors Weigh In On PIMCO Access Income Fund

Hedge funds have recently added to or reduced their stakes in the company. SOL Capital Management CO lifted its holdings in shares of PIMCO Access Income Fund by 4.4% in the third quarter. SOL Capital Management CO now owns 1,431,845 shares of the company’s stock valued at $23,296,000 after purchasing an additional 60,361 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of PIMCO Access Income Fund by 12.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 472,983 shares of the company’s stock worth $7,695,000 after purchasing an additional 51,751 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of PIMCO Access Income Fund by 14.4% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 435,309 shares of the company’s stock worth $6,578,000 after purchasing an additional 54,709 shares during the last quarter. Royal Bank of Canada grew its position in shares of PIMCO Access Income Fund by 21.8% in the first quarter. Royal Bank of Canada now owns 423,621 shares of the company’s stock valued at $6,803,000 after purchasing an additional 75,940 shares during the period. Finally, Bank of America Corp DE grew its position in shares of PIMCO Access Income Fund by 6.0% in the third quarter. Bank of America Corp DE now owns 397,360 shares of the company’s stock valued at $6,465,000 after purchasing an additional 22,468 shares during the period.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.