My publisher described it as a “firehose of information”—hopefully, that was a good thing! and has now fallen 3 days in a row.During the day the fund fluctuated 1.68% from a day low at $5.97 to a day high of $6.07. This represents a $0.58 dividend on an annualized basis and a dividend yield of 9.31%. PIMCO High Income Fund is a closed-end management investment company. Everyone thought the fund was indestructible—until suddenly PHK cut its dividend last year and the fund’s stock price dropped over 15% in a couple days. Find the latest dividend history for Pimco High Income Fund Pimco High Income Fund (PHK) at Nasdaq.com. Learn about PHK with our data and independent analysis including price, star rating, returns, and top holdings. The ex-dividend date is Thursday, December 10th. PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. PHK: Buying After Distribution Cuts Is Risky 2019-04-04 seekingalpha.com - While the share price took a big hit on the news, the stock still trades at a premium of almost 30% to NAV. Solar SR Capital Ltd. (SUNS) $1.77. PIMCO High Income Fund (NYSE:PHK) announced a monthly dividend on Monday, October 5th, Wall Street Journal reports. The story is reminiscent of a high yielding bond fund, Pimco High Income Fund (PHK), which traded at a huge premium to NAV for over a decade and paid out an impressive yield far above 12% for years without cutting its dividend. PHK And RCS: Dividend Cut Post-Mortem. Distributions of net realized capital gains, if any, are paid at least annually. Dividend Yield: 9.1% Hearing Pimco High Income Fund Cut Dividend. Thank you to our 1,581 Contrarian Income Report subscribers who attended our webcast last week! This could indicate that the company has never provided a dividend or that a dividend is pending. This premium (27.84%) is still way too high for me. PIMCO High Income Fund announced a monthly dividend on Thursday, December 3rd. The Pimco High Income Fund fund price fell by -0.83% on the last day (Friday, 11th Dec 2020) from $6.06 to $6.01. Dividend history information is presently unavailable for this company. The story is reminiscent of a high yielding bond fund, Pimco High Income Fund (PHK), which traded at a huge premium to NAV for over a decade and paid out an impressive yield far above 12% for years without cutting its dividend. Total expense ratio (excluding interest expense) excludes certain investment expenses, such as expenses from borrowings and repurchase agreements, any dividends and other costs paid on preferred shares issued by the Fund, and dividend expenses from investments on short sales. PIMCO High Income Fund (NYSE:PHK) declares $0.048/share monthly dividend, in line with previous. Also consider that OXLC cut its dividend in half just a quarter ago, marking the second reduction in four years. Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. 3 Expense ratios are calculated as a percentage of common net assets, and are as of the most recent annual report. The company was founded on February 18, 2003 and is headquartered in New York, NY. PHK Payable Nov. 2; for shareholders of record Oct. 13; ex-div Oct. 9. *The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on ten years rolling or on commencement of operations (whichever is later). PHK consistently returns between 10-15% of their distribution as ROC. PIMCO High Income Fund, based in New York City, operates as a diversified, closed-end management investment company. "Following" : "Follow"}} ... Related Articles (PHK) Stocks That Hit 52-Week Lows On Thursday. Start a 14-day free trial to Morningstar Premium to unlock our take on PHK Dividend articles featuring Pimco High Income Fund (PHK): 2019-04-04 Yield Hunter CEF Report April 2019: Distribution Cuts Finally Plague PIMCO 2018-11-28 Monthly Dividends From 154 SML Cap Equities And 70 November Funds 2018-10-23 Monthly Dividends From 150 SML Equities & 70 SML October Funds 2018-09-28 PEY: The Smart Way To Invest For Dividends 2018-09-16 Monthly Paid Dividends From … Sociedad Quimica De Minera Chile (SQM) $1.47. There have been a tough pills to swallow with dividend cuts and eliminations,but hopefully they are shorter term rather than long term. Its primary investment objective is to seek high current income. Stockholders of record on Friday, December 11th will be given a dividend of $0.048 per share on Monday, January 4th. View mutual fund news, mutual fund market and mutual fund interest rates. So it’s understandable to be drawn to any Pimco product that can offer a yield in the double digits. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. This represents a $0.58 dividend on an annualized basis and a yield of […] It seeks high current income, with capital appreciation as a secondary objective. It hurts to pass on a yield that high, but those are too many issues to overlook, especially as COVID continues to weigh on many of the businesses underlying OXLC’s investments. PTY Dividend History & Description — PIMCO Corporate & Income Opportunity Fund. A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. Dividend: How sustainable is the payout, what are the chances of a dividend cut, and how low can the payouts go? Investors of record on Friday, December 11th will be paid a dividend of 0.048 per share by the investment management company on Monday, January 4th. The amount of dividends and distributions are determined in accordance with federal income tax regulations, which may differ from generally accepted accounting principles. Find the latest Pimco High Income Fund Pimco Hi (PHK) stock quote, history, news and other vital information to help you with your stock trading and investing. moving avg. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. We have you, our thoughtful reader and income investor, to thank for the inspiration behind the firehose. Pimco High Income (PHK) Dividend Yield: 10.4% Pimco is a well-established juggernaut in the fixed-income game with a slew of products that regularly put up benchmark-beating returns. Stockholders of record on Tuesday, October 13th will be given a dividend of 0.048 per share by the investment management company on Monday, November 2nd. PHK | A complete PIMCO High Income Fund mutual fund overview by MarketWatch. Pimco High Income (PHK) Dividend Yield: 10.4%. I hate ROC because it is basically a payment made from your own principal. See PHK Dividend Scorecard, Yield Chart, & Dividend Growth. Red day on Friday for Pimco High Income Fund fund after losing 0.83% (Updated on December 11, 2020) Buy or Hold candidate since 2020-10-23 Gain 12.97% PDF . The Fund's investment objective is to obtain maximum total return through a combination of current income and … This represents a $0.58 annualized dividend and a dividend yield of 10.55%. Since PHK has cut its dividend (twice), it seems pretty clear that it can—and will—cut again, especially since the fund is paying out an unsustainable 14.2% of its total assets as distributions. JH Premium Dividend Fund . (Key here is to look at yield on price, yield on … Share your opinion and gain insight from other stock traders and investors. On February 1st PIMCO declared monthly distributions … The fund is co-managed by … When they declared their latest dividend cut on 4-1-19, the premium dropped from spooky high to only crazy high. It primarily invests in the U.S. dollar-denominated corporate debt obligations and other income-producing securities. Performance charts for PIMCO High Income Fund (PHK) including intraday, historical and comparison charts, technical analysis and trend lines. ... but it might cut its dividend. Their latest stated net investment income of .04999 (3 mo. ... (ETN) $5.97. Pimco Corporate & Income Opportunity Fund is a closed-end management investment company. phk $6.02 -$0.04 -0.7% Price as of December 11, 2020, 2:52 p.m. EST View Interactive PHK Charts Published Mon, 06 Feb 2017 13:31:56 -0500 on Seeking Alpha. ending 3-31-19) still doesn't cover their (reduced) .06133 dividend. PIMCO High Income Fund (NYSE:PHK) announced a monthly dividend on Thursday, December 3rd, Wall Street Journal reports. Paul Quintaro, Benzinga Staff Writer {{following ? PHK closed up 0.49 percent on Tuesday, December 8, 2020, on approximately normal volume. Pimco is a well-established juggernaut in the fixed-income game with a slew of products that regularly put up benchmark-beating returns. Check out our PHK stock analysis, current PHK quote, charts, and historical prices for PIMCO High Income Fund stock ... Dividend Cut Alert! Pimco High Income Fund (PHK) $1.49. Dividends are declared monthly to common shareholders from net investment income. 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