Pioneer High Income Fund, Inc. (NYSE:PHT – Get Rating) announced a monthly dividend on Thursday, August 4th, Zacks reports. Investors of record on Thursday, August 18th will be given a dividend of 0.063 per share by the closed-end fund on Wednesday, August 31st. This represents a $0.76 annualized dividend and a yield of 10.36%. The ex-dividend date of this dividend is Wednesday, August 17th. This is a positive change from Pioneer High Income Fund’s previous monthly dividend of $0.06.
Pioneer High Income Fund Stock Performance
Shares of NYSE:PHT traded down $0.04 during trading on Friday, reaching $7.30. The stock had a trading volume of 148,981 shares, compared to its average volume of 99,343. The business has a fifty day moving average price of $7.12 and a 200-day moving average price of $7.73. Pioneer High Income Fund has a 1-year low of $6.81 and a 1-year high of $11.22.
Institutional Investors Weigh In On Pioneer High Income Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in Pioneer High Income Fund by 11.6% during the 1st quarter. NewEdge Advisors LLC now owns 77,800 shares of the closed-end fund’s stock worth $632,000 after purchasing an additional 8,100 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Pioneer High Income Fund by 14.2% during the 1st quarter. Bank of America Corp DE now owns 74,914 shares of the closed-end fund’s stock worth $608,000 after acquiring an additional 9,340 shares in the last quarter. Doyle Wealth Management acquired a new position in shares of Pioneer High Income Fund during the 1st quarter worth about $89,000. Baird Financial Group Inc. purchased a new stake in shares of Pioneer High Income Fund in the 1st quarter valued at about $175,000. Finally, Robinson Capital Management LLC purchased a new stake in shares of Pioneer High Income Fund in the 1st quarter valued at about $217,000.
About Pioneer High Income Fund
Pioneer High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities.
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