Pioneer High Income Fund, Inc. Announces Monthly Dividend of $0.06 (NYSE:PHT)

Pioneer High Income Fund, Inc. (NYSE:PHT) announced a monthly dividend on Thursday, April 4th, Wall Street Journal reports. Investors of record on Friday, April 19th will be given a dividend of 0.055 per share by the closed-end fund on Tuesday, April 30th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.97%. The ex-dividend date is Thursday, April 18th.

Pioneer High Income Fund has decreased its dividend payment by an average of 6.7% per year over the last three years.

Pioneer High Income Fund Stock Performance

Pioneer High Income Fund stock opened at $7.36 on Wednesday. Pioneer High Income Fund has a 1-year low of $6.41 and a 1-year high of $7.72. The stock’s 50 day moving average price is $7.48 and its 200 day moving average price is $7.19.

Institutional Trading of Pioneer High Income Fund

A number of institutional investors have recently modified their holdings of PHT. JPMorgan Chase & Co. purchased a new stake in shares of Pioneer High Income Fund in the fourth quarter valued at approximately $33,000. PNC Financial Services Group Inc. purchased a new stake in Pioneer High Income Fund during the fourth quarter worth $72,000. Nomura Holdings Inc. purchased a new stake in Pioneer High Income Fund during the fourth quarter worth $83,000. SFI Advisors LLC purchased a new stake in Pioneer High Income Fund during the first quarter worth $86,000. Finally, Jane Street Group LLC purchased a new stake in Pioneer High Income Fund during the first quarter worth $89,000.

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.