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

PIMCO High Income Fund (NYSE:PHK) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.0480 per share by the investment management company on Tuesday, December 1st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date is Friday, November 13th.

PIMCO High Income Fund Stock Up 1.8%

Shares of PIMCO High Income Fund stock traded up $0.07 on Tuesday, hitting $4.16. 1,139,960 shares of the company’s stock traded hands, compared to its average volume of 905,886. PIMCO High Income Fund has a one year low of $4.01 and a one year high of $5.00. The company has a fifty day moving average of $4.24 and a two-hundred day moving average of $4.58.

About PIMCO High Income Fund

PIMCO High Income Fund (NYSE: PHK) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

PHK invests primarily in income-producing securities, including high-yield corporate bonds and other debt instruments. Its portfolio may include securities issued by companies and governments in the United States and other countries, giving the fund exposure to a range of credit markets and geographic regions.

PIMCO, a global investment management firm, oversees the fund’s portfolio management and investment strategy.