Shares of PIMCO High Income Fund (NYSE:PHK – Get Free Report) saw strong trading volume on Monday . Approximately 1,296,422 shares traded hands during mid-day trading, an increase of 63% from the previous session’s volume of 796,516 shares.The stock last traded at $4.3250 and had previously closed at $4.36.
PIMCO High Income Fund Stock Down 0.8%
The firm’s 50 day moving average is $4.61 and its two-hundred day moving average is $4.62.
PIMCO High Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be issued a dividend of $0.048 per share. The ex-dividend date is Friday, September 11th. This represents a c) annualized dividend and a yield of 13.3%.
Institutional Investors Weigh In On PIMCO High Income Fund
About PIMCO High Income Fund
PIMCO High Income Fund (NYSE: PHK) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.
The fund invests primarily in a diversified portfolio of income-producing debt securities. These investments may include below-investment-grade corporate bonds, commonly known as high-yield or “junk” bonds, as well as other fixed-income instruments issued by companies and governments in the United States and international markets.
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