PIMCO High Income Fund (PHK) To Go Ex-Dividend on September 11th

PIMCO High Income Fund (NYSE:PHK) announced a monthly dividend on Tuesday, September 1st. Investors of record on Friday, September 11th will be given a dividend of 0.048 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Friday, September 11th.

PIMCO High Income Fund Price Performance

PHK stock opened at $4.51 on Thursday. PIMCO High Income Fund has a 52-week low of $4.41 and a 52-week high of $5.04. The company’s 50-day simple moving average is $4.63 and its 200-day simple moving average is $4.65.

Institutional Trading of PIMCO High Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in PHK. Highland Investment Advisors LLC purchased a new position in PIMCO High Income Fund during the second quarter valued at $47,000. Bank of New York Mellon Corp acquired a new stake in PIMCO High Income Fund during the second quarter worth about $48,000. Jane Street Group LLC acquired a new position in PIMCO High Income Fund in the 2nd quarter valued at about $48,000. Concurrent Investment Advisors LLC purchased a new stake in shares of PIMCO High Income Fund in the 2nd quarter valued at approximately $50,000. Finally, Glenview Trust Co purchased a new stake in shares of PIMCO High Income Fund in the 4th quarter valued at approximately $63,000. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

PIMCO High Income Fund Company Profile

The PIMCO High Income Fund (NYSE: PHK) is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration.

PHK’s investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.