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

PIMCO High Income Fund (NYSE:PHK) declared a monthly dividend on Monday, November 2nd. Shareholders 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 dividend yield of 13.9%. The ex-dividend date is Friday, November 13th.

PIMCO High Income Fund Stock Up 1.8%

Shares of NYSE PHK traded up $0.07 during mid-day trading on Tuesday, reaching $4.16. 1,139,960 shares of the company’s stock traded hands, compared to its average volume of 905,886. The business has a 50-day simple moving average of $4.24 and a 200 day simple moving average of $4.58. PIMCO High Income Fund has a 1-year low of $4.01 and a 1-year high of $5.00.

About PIMCO High Income Fund

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.