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

PIMCO High Income Fund (NYSE:PHK) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 13th will be given a dividend of 0.048 per share by the investment management company on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend is Tuesday, January 13th.

PIMCO High Income Fund Trading Up 0.1%

Shares of NYSE PHK opened at $4.93 on Friday. PIMCO High Income Fund has a 52 week low of $4.18 and a 52 week high of $5.04. The business’s 50 day moving average price is $4.86 and its 200 day moving average price is $4.88.

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. Integrity Alliance LLC. purchased a new position in shares of PIMCO High Income Fund during the first quarter worth $163,000. Park Avenue Securities LLC acquired a new stake in PIMCO High Income Fund during the 2nd quarter worth about $1,798,000. Presper Financial Architects LLC purchased a new position in shares of PIMCO High Income Fund during the 2nd quarter valued at about $539,000. PFG Investments LLC lifted its holdings in shares of PIMCO High Income Fund by 26.5% in the 2nd quarter. PFG Investments LLC now owns 82,244 shares of the investment management company’s stock valued at $395,000 after buying an additional 17,219 shares during the period. Finally, Future Financial Wealth Managment LLC boosted its stake in shares of PIMCO High Income Fund by 1,231.0% in the second quarter. Future Financial Wealth Managment LLC now owns 133,102 shares of the investment management company’s stock worth $639,000 after buying an additional 123,102 shares during the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.

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.