PIMCO High Income Fund (PHK) to Issue Monthly Dividend of $0.05 on October 1st

PIMCO High Income Fund (NYSE:PHK) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Friday, September 11th will be given a dividend of 0.048 per share by the investment management company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Friday, September 11th.

PIMCO High Income Fund Stock Up 0.6%

PIMCO High Income Fund stock opened at $4.53 on Wednesday. PIMCO High Income Fund has a 12-month low of $4.41 and a 12-month high of $5.04. The firm’s 50-day moving average is $4.62 and its two-hundred day moving average is $4.63.

Institutional Trading of PIMCO High Income Fund

Hedge funds have recently bought and sold shares of the company. Integrity Advisory Solutions LLC grew its stake in PIMCO High Income Fund by 28.2% in the 4th quarter. Integrity Advisory Solutions LLC now owns 16,832 shares of the investment management company’s stock worth $82,000 after acquiring an additional 3,707 shares during the period. Moors & Cabot Inc. lifted its stake in shares of PIMCO High Income Fund by 19.5% during the 4th quarter. Moors & Cabot Inc. now owns 24,500 shares of the investment management company’s stock worth $119,000 after purchasing an additional 4,000 shares during the period. MML Investors Services LLC lifted its stake in shares of PIMCO High Income Fund by 7.9% during the 4th quarter. MML Investors Services LLC now owns 82,080 shares of the investment management company’s stock worth $399,000 after purchasing an additional 6,000 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of PIMCO High Income Fund by 3.5% during the second quarter. Baird Financial Group Inc. now owns 178,530 shares of the investment management company’s stock worth $832,000 after purchasing an additional 6,021 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of PIMCO High Income Fund by 4.2% during the fourth quarter. Royal Bank of Canada now owns 149,644 shares of the investment management company’s stock worth $727,000 after purchasing an additional 6,043 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.