PIMCO High Income Fund (NYSE:PHK) Declares Monthly Dividend of $0.05

PIMCO High Income Fund (NYSE:PHK - Get Free Report) announced a monthly dividend on Friday, May 1st. Stockholders of record on Monday, May 11th will be paid a dividend of 0.048 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Monday, May 11th.Get PIMCO High Income Fund alerts:PIMCO High Income Fund Trading Down 1.0%Shares of PHK stock opened at $4.65 on Friday. PIMCO High Income Fund has a fifty-two week low of $4.41 and a fifty-two week high of $5.04. The business's 50 day moving average price is $4.69 and its 200-day moving average price is $4.81. About PIMCO High Income Fund (Get Free Report)The PIMCO High Income Fund NYSE: PHK is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration. PHK's investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.Recommended StoriesFive stocks we like better than PIMCO High Income FundThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in PIMCO High Income Fund Right Now?Before you consider PIMCO High Income Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PIMCO High Income Fund wasn't on the list.While PIMCO High Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here