PIMCO HIF (PHK) Declares $0.08 Monthly Dividend
PIMCO HIF (NYSE:PHK) announced a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Monday, November 13th will be paid a dividend of 0.0807 per share by the investment management company on Friday, December 1st. This represents a $0.97 annualized dividend and a dividend yield of 12.35%. The ex-dividend date is Friday, November 10th.
PIMCO HIF has decreased its dividend by an average of 8.0% annually over the last three years.
Shares of PIMCO HIF (NYSE PHK) traded up $0.02 during trading on Friday, hitting $7.83. 626,672 shares of the company traded hands, compared to its average volume of 865,915.
About PIMCO HIF
PIMCO High Income Fund is a closed-end management investment company. The Fund’s primary investment objective is to seek high current income, with capital appreciation as a secondary objective. The Fund will not invest more than 25% of total assets in non-United States-dollar-denominated securities. The Fund will not invest more than 40% of total assets in securities of issuers located in emerging market countries.
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