PIMCO Access Income Fund (NYSE:PAXS) Shareholders to Get $0.15 Monthly Dividend

PIMCO Access Income Fund (NYSE:PAXS) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Tuesday, October 13th will be given a dividend of $0.1494 per share on Monday, November 2nd. This represents a $1.79 annualized dividend and a yield of 13.5%. The ex-dividend date is Tuesday, October 13th.

PIMCO Access Income Fund Stock Performance

NYSE PAXS opened at $13.26 on Friday. The company’s fifty day moving average is $13.88 and its two-hundred day moving average is $14.19. PIMCO Access Income Fund has a 52-week low of $12.92 and a 52-week high of $16.56.

Hedge Funds Weigh In On PIMCO Access Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of PIMCO Access Income Fund by 12.5% in the 1st quarter. Royal Bank of Canada now owns 1,152,845 shares of the company’s stock worth $16,612,000 after acquiring an additional 127,806 shares during the period. Bank of America Corp DE increased its position in shares of PIMCO Access Income Fund by 6.2% during the first quarter. Bank of America Corp DE now owns 421,321 shares of the company’s stock valued at $6,071,000 after purchasing an additional 24,721 shares during the period. Corrado Advisors LLC raised its stake in shares of PIMCO Access Income Fund by 5.6% in the first quarter. Corrado Advisors LLC now owns 160,268 shares of the company’s stock valued at $2,309,000 after purchasing an additional 8,508 shares in the last quarter. Noble Wealth Management PBC raised its stake in shares of PIMCO Access Income Fund by 16.9% in the third quarter. Noble Wealth Management PBC now owns 147,286 shares of the company’s stock valued at $1,949,000 after purchasing an additional 21,319 shares in the last quarter. Finally, Rivernorth Capital Management LLC bought a new position in PIMCO Access Income Fund in the first quarter worth $1,362,000.

PIMCO Access Income Fund Company Profile

PIMCO Access Income Fund (NYSE:PAXS) is a closed-end management investment company advised by Pacific Investment Management Company LLC, commonly known as PIMCO. The fund seeks to provide current income while also pursuing capital appreciation as a secondary objective.

The fund invests primarily in a diversified portfolio of fixed-income securities and other income-producing investments. Its holdings may include corporate bonds, government and sovereign debt, mortgage- and asset-backed securities, emerging-market securities, bank loans and other credit-related instruments.