PIMCO High Income Fund (PHK)
| Market Value | 777.70M |
| Revenue (ttm) | 81.53M |
| Net Income (ttm) | 89.45M |
| Shares Out | 156.48M |
| EPS (ttm) | 0.57 |
| PE Ratio | 8.79 |
| Forward PE | n/a |
| Dividend | $0.58 (11.59%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 524,543 |
| Open | 4.990 |
| Previous Close | 4.980 |
| Day's Range | 4.950 - 5.000 |
| 52-Week Range | 4.540 - 5.180 |
| Beta | 0.85 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About PHK
PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations. It employs fundamental analysis along with a top down stock picking approach to make its investments. PIMCO High Income Fund was formed on April 30, 2003 and is domiciled in the United States. [Read more]
News
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Nov. 01, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution fo...
PHK: Weak Distribution History And Unnecessary Risk
PIMCO High Income Fund offers a high dividend yield of 11.3%, making it attractive for income-focused investors, especially retirees seeking supplemental income. Despite a 66% price decline since ince...
PIMCO CEF Update: Muni Coverage And The Premium Mystery
We take a look at the PIMCO CEFs coverage, valuation, and performance. Distribution coverage for PIMCO's Muni CEFs has surged, coinciding to the retirement of auction-rate preferreds, but the increase...
PIMCO Update | Sept 2024 | Muni Coverage Jumps (Maybe), Taxables See Significant ATM Benefit
The best taxable closed-end funds are PHK, PFN, and at slightly cheaper valuations, PDI and PCN; best munis are PMF, NY funds, and PCK in CA. Distributions are safe due to funds monetizing premiums vi...
PHK: Management Making Smart Moves Right Now, But The Valuation Is Really Steep
PIMCO High Income Fund specializes in income-focused assets, with a 12.00% distribution yield, outperforming peers in the Fixed-Income Multi-Sector category. Multi-sector bond funds like PIMCO High In...
PIMCO Update May 2024 - PDX Levers Up
Coverage on PIMCO CEFs improved, with muni CEF coverage ratio up 9 points to 89% and taxable CEFs up over 20 points to 84.6%. Leverage changes varied among funds, with some cutting borrowing significa...
CEF Report | May 2024 | Activism Is Heating Up
Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Se...
PHK: Decent Positioning And Portfolio, But Expensive Given Bond Market Risks
PIMCO High Income Fund offers a current yield of 12.03%, but other closed-end peer funds have higher yields. The fund's share price performance has been volatile but has outperformed domestic bond ind...
PIMCO Update Feb 2024 | PDX Makes The Move, Valuations Remain Rich
Funds rely on at-the-market offerings and capital gains to make up for earnings shortfalls and maintain distributions. Coverage levels for taxable funds declined in January due to the falling value of...
Pimco Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution f...
PHK: I Am Not Convinced Of This Fund's Value Proposition
PIMCO High Income Fund offers high yields but has a history of shrinking distributions year after year. Even reinvesting dividends doesn't seem to catch up with distribution cuts (after 2016) even if ...
PIMCO Update (Quick) | January 2024 | Watch The NAV Momentum Turn
Not much has changed fundamentally in taxable PIMCOs, but there has been a shift in valuations and sentiment. The drop in the dollar has put downward pressure on funds with exposure to foreign bonds a...
PIMCO CEF Update: Getting Ready For PDX
We provide an update for the PIMCO CEF suite. PIMCO took advantage of the recent back-up in yields and yield curve disinversion to add assets across the taxable suite. Muni CEF coverage continues to d...
PHK: Still Not A Bargain, Reaffirming A 'Hold' Rating
This article evaluates the PIMCO High Income Fund as an investment option, which is timely given the market's renewed interest in bonds and debt securities. While I am a "bond bull" right now, I see l...
PHK: Worth A Switch From PIMCO's Newest CEFs PDO And PAXS
The PIMCO High Income Fund offers a relative value opportunity versus the more recently launched CEFs PDO and PAXS. PHK has a lower management fee, longer track record, and higher-quality allocation p...
PHK: A Very Good Bond Fund, But Very Expensive Given The Risks
The PIMCO High Income Fund offers a high current yield of 11.90%, one of the highest in the market. The PHK closed-end fund has not cut its distribution despite the negative impact of rising interest ...
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution f...
CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptiona...
Certain PIMCO Closed-End Funds Announce Tender Offers for Auction Rate Preferred Shares
NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- PIMCO Corporate & Income Opportunity Fund (NYSE: PTY), PIMCO Corporate & Income Strategy Fund (NYSE: PCN), PIMCO High Income Fund (NYSE: PHK), PIMCO Income ...
Weekly Closed-End Fund Roundup: PDT Cuts, FSCO Boosts, Some CEFs Getting Bubbly (July 9, 2023)
6 out of 22 CEF sectors positive on price and 3 out of 22 sectors positive on NAV last week. PDT reduces distribution by 15%, FSCO boosts distribution by 15%. Some CEFs getting bubbly.
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, July 03, 2023 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution fo...
PHK: The Risk-Reward Still Doesn't Excite Me
This article evaluates the PIMCO High Income Fund as an investment option, a Closed-End Fund that I've previously advised readers to avoid due to its lack of value proposition. It has come under revie...
PHK: This Otherwise Great Bond CEF Is Insanely Expensive Today
Although inflation has started to cool down, real income growth is still negative, so many people need options to increase the money coming in. PIMCO High Income Fund invests in a portfolio consisting...
PIMCO CEF Update: Bad But Not As Bad As It Looks
We provide a February update for the PIMCO CEF taxable suite. Taxable CEFs continued to deleverage despite NAVs largely holding steady through February, possibly as a result of a low level of net inco...
Bond giants Pimco and Invesco are facing losses of hundreds of millions on rotten Credit Suisse debt
Some of the biggest names in investing held Credit Suisse's AT1 bonds, which were marked down to zero by the Swiss regulator a week ago.