PIMCO Access Income Fund (NYSE:PAXS) Shares Set to Pay Monthly Dividend of $0.15

PIMCO Access Income Fund (NYSE:PAXS) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.1494 per share on Tuesday, December 1st. This represents a $1.79 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Friday, November 13th.

PIMCO Access Income Fund Price Performance

PIMCO Access Income Fund stock traded up $0.24 during midday trading on Tuesday, reaching $13.33. The company’s stock had a trading volume of 217,746 shares, compared to its average volume of 227,687. PIMCO Access Income Fund has a fifty-two week low of $12.69 and a fifty-two week high of $16.16. The stock’s 50 day simple moving average is $13.39 and its 200 day simple moving average is $14.35.

Hedge Funds Weigh In On PIMCO Access Income Fund

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of PIMCO Access Income Fund by 12.5% during the first quarter. Royal Bank of Canada now owns 1,152,845 shares of the company’s stock valued at $16,612,000 after purchasing an additional 127,806 shares during the period. Bank of America Corp DE boosted its stake in shares of PIMCO Access Income Fund by 6.2% in 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 grew its holdings in PIMCO Access Income Fund by 5.6% during the 1st 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 grew its holdings in PIMCO Access Income Fund by 16.9% during the 3rd 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 purchased a new stake in PIMCO Access Income Fund during the 1st quarter worth $1,362,000.

PIMCO Access Income Fund Company Profile

PIMCO Access Income Fund (NYSE: PAXS) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO), a global investment manager specializing in fixed-income and credit markets. The fund seeks to provide current income as its primary investment objective and capital appreciation as a secondary objective.

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