PIMCO High Income Fund (NYSE:PHK) declared a monthly dividend on Wednesday, April 3rd, Wall Street Journal reports. Stockholders of record on Thursday, April 11th will be paid a dividend of 0.0613 per share by the investment management company on Wednesday, May 1st. This represents a $0.74 annualized dividend and a dividend yield of 9.56%. The ex-dividend date is Wednesday, April 10th.
PIMCO High Income Fund has decreased its dividend payment by an average of 11.7% per year over the last three years.
Shares of NYSE PHK traded up $0.01 during mid-day trading on Friday, hitting $7.70. The company had a trading volume of 274,852 shares, compared to its average volume of 761,789. PIMCO High Income Fund has a 1 year low of $7.30 and a 1 year high of $9.09.
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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