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

PIMCO High Income Fund (NYSE:PHKGet Free Report) declared a dividend on Thursday, February 1st, investing.com reports. Stockholders of record on Monday, February 12th will be paid a dividend of 0.048 per share by the investment management company on Friday, March 1st. This represents a dividend yield of 11.64%. The ex-dividend date of this dividend is Friday, February 9th.

PIMCO High Income Fund has decreased its dividend by an average of 3.6% per year over the last three years.

PIMCO High Income Fund Stock Performance

Shares of NYSE:PHK remained flat at $4.95 during trading on Friday. 436,223 shares of the stock were exchanged, compared to its average volume of 535,934. The business’s 50-day simple moving average is $4.86 and its two-hundred day simple moving average is $4.73. PIMCO High Income Fund has a fifty-two week low of $4.13 and a fifty-two week high of $5.41.

Hedge Funds Weigh In On PIMCO High Income Fund

Several institutional investors have recently bought and sold shares of PHK. Raymond James & Associates increased its holdings in PIMCO High Income Fund by 46.7% during the first quarter. Raymond James & Associates now owns 49,090 shares of the investment management company’s stock valued at $284,000 after buying an additional 15,634 shares during the period. Penserra Capital Management LLC increased its holdings in PIMCO High Income Fund by 3.3% during the first quarter. Penserra Capital Management LLC now owns 1,402,698 shares of the investment management company’s stock valued at $8,107,000 after buying an additional 45,262 shares during the period. UBS Group AG increased its holdings in PIMCO High Income Fund by 5.4% during the first quarter. UBS Group AG now owns 234,965 shares of the investment management company’s stock valued at $1,358,000 after buying an additional 12,113 shares during the period. Atria Wealth Solutions Inc. purchased a new position in PIMCO High Income Fund during the first quarter valued at approximately $433,000. Finally, Vident Investment Advisory LLC grew its holdings in PIMCO High Income Fund by 25.1% in the first quarter. Vident Investment Advisory LLC now owns 620,994 shares of the investment management company’s stock worth $3,589,000 after purchasing an additional 124,761 shares during the last quarter. 11.40% of the stock is owned by hedge funds and other institutional investors.

About PIMCO High Income Fund

(Get Free Report)

PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.

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Dividend History for PIMCO High Income Fund (NYSE:PHK)

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