PIMCO High Income Fd (NYSE:PHK) Stock, Quote.Headers.trade-ideas

PIMCO High Income Fund

PIMCO High Income Fund is a closed-end management investment company. The company's primary investment objective is to seek high current income. Its secondary objective is to seek capital appreciation.

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	In recent months, Pacific Investment Management Co has spent more than $2 billion to snap up consumer companies that have struggled due to the cost of living crisis, surging inflation, and rising interest rates.


Pimco Buys Struggling Assets To Support Banks Looking To Offload Battered Companies: Report

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Tuesday marks the last chance for investors to receive the next dividend payout from PIMCO High Income Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHK#NYSE">PHK</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a monthly dividend of 4.8 cents per share. On Wednesday, PIMCO High Income Fund will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 4.8 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own PHK as of the end of Tuesday's session are eligible to receive the 4.8 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on August 01, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

PIMCO High Income Fund: Dividend Insights

Tuesday marks the last chance for investors to receive the next dividend payout from PIMCO High Income Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHK#NYSE">PHK</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a monthly dividend of 4.8 cents per share. On Wednesday, PIMCO High Income Fund will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 4.8 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own PHK as of the end of Tuesday's session are eligible to receive the 4.8 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on May 01, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

<ul>
<li>In recent months,&nbsp;Pacific Investment Management Co&nbsp;has spent more than $2 billion to snap up consumer companies that have struggled due to the cost of living crisis, surging inflation, and rising interest rates.</li>
<li>The purchases are part of a broader strategy at the firm to capitalize on depressed prices,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-08-19/pimco-spends-billions-buying-assets-depressed-by-recession-fears?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reported</a>&nbsp;citing people familiar with the matter.</li>
<li>The fund has $1.8 trillion of assets under management, making it well placed for such moves but with risks as the global economy is on the edge of recession.&nbsp;</li>
<li>&ldquo;For this to pay off over the long term, two things have to be true: first, you need to be correct about the investment thesis; and second, you need to have a good handle on liquidity,&rdquo; said Mara Dobrescu, an analyst at Morningstar in Paris. &ldquo;Historically, Pimco has been able to do both with a fair degree of success.&rdquo;&nbsp;</li>
<li>At the end of May, Pimco bought &euro;600 million of loans and &euro;545 million of bonds backing the unsuccessful sale of&nbsp;Wm Morrison Supermarkets Plc.&nbsp;</li>
<li>Last month, Pimco snapped up &euro;1 billion of loans backing&nbsp;Apollo Global Management Inc&rsquo;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apo#NYSE">APO</a>) acquisition of&nbsp;Worldline SA&rsquo;s&nbsp;payment terminals unit, also at a steep discount.&nbsp;</li>
<li>&ldquo;You buy at a price that fits your view of the credit,&rdquo; said Noel Hebert, director of credit research at Bloomberg Intelligence.</li>
</ul>

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PIMCO High Income Fd

PIMCO High Income Fd (PHK) Forecast

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