PIMCO High Income Fund (NYSE:PHK) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.0807 per share by the investment management company on Thursday, February 1st. This represents a $0.97 dividend on an annualized basis and a yield of 12.86%. The ex-dividend date of this dividend is Thursday, January 11th.
PIMCO High Income Fund has decreased its dividend payment by an average of 8.0% annually over the last three years.
Shares of PIMCO High Income Fund (PHK) traded up $0.08 during midday trading on Wednesday, reaching $7.53. The company’s stock had a trading volume of 1,072,700 shares, compared to its average volume of 776,845. PIMCO High Income Fund has a 52 week low of $7.19 and a 52 week high of $9.97.
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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