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

PIMCO High Income Fund (NYSE:PHK) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.048 per share by the investment management company on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Thursday, March 12th.

PIMCO High Income Fund Stock Down 0.4%

NYSE:PHK opened at $4.88 on Wednesday. The firm’s fifty day simple moving average is $4.92 and its 200-day simple moving average is $4.90. PIMCO High Income Fund has a fifty-two week low of $4.18 and a fifty-two week high of $5.04.

PIMCO High Income Fund Company Profile

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.