PIMCO High Income Fund (PHK) To Go Ex-Dividend on October 13th

PIMCO High Income Fund (NYSE:PHK) declared a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be given a dividend of $0.0480 per share by the investment management company on Monday, November 2nd. This represents a $0.58 annualized dividend and a yield of 13.9%. The ex-dividend date is Tuesday, October 13th.

PIMCO High Income Fund Stock Performance

PHK opened at $4.14 on Friday. PIMCO High Income Fund has a fifty-two week low of $4.04 and a fifty-two week high of $5.00. The firm has a 50-day moving average of $4.46 and a 200 day moving average of $4.56.

Institutional Investors Weigh In On PIMCO High Income Fund

Several large investors have recently modified their holdings of PHK. Integrated Wealth Concepts LLC bought a new position in PIMCO High Income Fund during the second quarter valued at $128,000. RFG Advisory LLC bought a new stake in shares of PIMCO High Income Fund in the second quarter valued at $1,821,000. Baird Financial Group Inc. lifted its position in shares of PIMCO High Income Fund by 3.5% during the 2nd quarter. Baird Financial Group Inc. now owns 178,530 shares of the investment management company’s stock valued at $832,000 after buying an additional 6,021 shares during the last quarter. Highland Investment Advisors LLC purchased a new position in shares of PIMCO High Income Fund during the 2nd quarter valued at $47,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of PIMCO High Income Fund during the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 11.75% of the company’s stock.

PIMCO High Income Fund Company Profile

PIMCO High Income Fund (NYSE: PHK) is a closed-end fund managed by Pacific Investment Management Company LLC (PIMCO), a global investment management firm. The fund’s primary objective is to seek high current income for its shareholders, with capital appreciation as a secondary objective.

The fund invests primarily in a diversified portfolio of fixed-income securities, including corporate bonds, loans, mortgage-related instruments, government and sovereign debt, and other income-producing credit investments.