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

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

PIMCO High Income Fund Stock Performance

PIMCO High Income Fund stock opened at $4.52 on Wednesday. The business has a 50-day simple moving average of $4.63 and a two-hundred day simple moving average of $4.65. PIMCO High Income Fund has a 52-week low of $4.41 and a 52-week high of $5.04.

Institutional Trading of PIMCO High Income Fund

Several large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. bought a new position in PIMCO High Income Fund in the second quarter worth approximately $235,000. Invesco Ltd. increased its stake in shares of PIMCO High Income Fund by 2.3% in the second quarter. Invesco Ltd. now owns 1,226,204 shares of the investment management company’s stock worth $5,886,000 after purchasing an additional 27,751 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of PIMCO High Income Fund in the second quarter valued at about $48,000. Bank of America Corp DE boosted its stake in PIMCO High Income Fund by 3.5% in the 2nd quarter. Bank of America Corp DE now owns 960,259 shares of the investment management company’s stock worth $4,609,000 after purchasing an additional 32,540 shares during the period. Finally, Orion Porfolio Solutions LLC increased its holdings in PIMCO High Income Fund by 23.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 430,521 shares of the investment management company’s stock valued at $2,067,000 after acquiring an additional 80,433 shares during the last quarter. 11.75% of the stock is currently owned by institutional investors.

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.