PIMCO High Income Fund (NYSE:PHK) Shares Will Pay Monthly Dividend of $0.05

PIMCO High Income Fund (NYSE:PHK) declared a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.0480 per share by the investment management company on Tuesday, December 1st. This represents a $0.58 dividend on an annualized basis and a yield of 13.9%. The ex-dividend date of this dividend is Friday, November 13th.

PIMCO High Income Fund Price Performance

Shares of PHK traded up $0.07 during trading hours on Tuesday, hitting $4.16. The company had a trading volume of 1,200,042 shares, compared to its average volume of 906,031. The business has a fifty day moving average of $4.24 and a 200-day moving average of $4.58. PIMCO High Income Fund has a 12 month low of $4.01 and a 12 month high of $5.00.

Insider Buying and Selling

In other news, Director David C. Flattum bought 60,204 shares of the company’s stock in a transaction dated Tuesday, October 6th. The stock was bought at an average price of $4.14 per share, with a total value of $249,244.56. Following the completion of the acquisition, the director owned 60,204 shares of the company’s stock, valued at $249,244.56. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Hedge Funds Weigh In On PIMCO High Income Fund

Hedge funds have recently bought and sold shares of the business. Highland Investment Advisors LLC bought a new stake in shares of PIMCO High Income Fund in the second quarter worth $47,000. Bank of New York Mellon Corp bought a new position in PIMCO High Income Fund during the 2nd quarter worth $48,000. Concurrent Investment Advisors LLC acquired a new position in PIMCO High Income Fund during the 2nd quarter worth about $50,000. Prairie Advisory LLC acquired a new position in PIMCO High Income Fund during the 3rd quarter worth about $82,000. Finally, Arkadios Wealth Advisors acquired a new position in PIMCO High Income Fund during the 1st quarter worth about $117,000. 11.75% of the stock is owned by institutional investors.

PIMCO High Income Fund Company Profile

PIMCO High Income Fund (NYSE: PHK) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

PHK invests primarily in income-producing securities, including high-yield corporate bonds and other debt instruments. Its portfolio may include securities issued by companies and governments in the United States and other countries, giving the fund exposure to a range of credit markets and geographic regions.

PIMCO, a global investment management firm, oversees the fund’s portfolio management and investment strategy.