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

PIMCO High Income Fund (NYSE:PHK) declared a monthly dividend on Friday, May 1st. Stockholders of record on Monday, May 11th will be given a dividend of 0.048 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Monday, May 11th.

PIMCO High Income Fund Stock Performance

PHK opened at $4.65 on Friday. The business has a 50 day moving average of $4.69 and a 200-day moving average of $4.81. PIMCO High Income Fund has a 52 week low of $4.41 and a 52 week high of $5.04.

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.