PIMCO High Income Fund (PHK)

NYSE: PHK · Real-Time Price · USD
5.09
+0.01 (0.20%)
Nov 8, 2024, 4:00 PM EST - Market closed
0.20%
Market Value 796.47M
Revenue (ttm) 81.53M
Net Income (ttm) 89.45M
Shares Out 156.48M
EPS (ttm) 0.57
PE Ratio 9.00
Forward PE n/a
Dividend $0.58 (11.32%)
Ex-Dividend Date Nov 12, 2024
Volume 644,296
Open 5.09
Previous Close 5.08
Day's Range 5.06 - 5.09
52-Week Range 4.30 - 5.18
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]

Sector Financials
Founded 2003
Country United States
Stock Exchange NYSE
Ticker Symbol PHK
Full Company Profile

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...

Other symbols: PAXSPCKPCMPCNPCQPDIPDO
8 days ago - GlobeNewsWire

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...

21 days ago - Seeking Alpha

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...

Other symbols: NADPDOPDXPGPPMFPMLPMX
23 days ago - Seeking Alpha

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...

Other symbols: PAXSPCKPCNPDIPFNPMFPNF
5 weeks ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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...

Other symbols: PAXSPCNPDIPDOPDXPFLPFN
5 months ago - Seeking Alpha

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...

5 months ago - Seeking Alpha

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...

6 months ago - Seeking Alpha

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...

Other symbols: PAXSPCNPDIPFLPFNPTY
8 months ago - Seeking Alpha

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...

Other symbols: PAXSPCKPCMPCNPCQPDIPDO
9 months ago - GlobeNewsWire

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 ...

9 months ago - Seeking Alpha

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...

Other symbols: PCNPDI
10 months ago - Seeking Alpha

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...

Other symbols: PAXSPDIPDOPTYRCS
1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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 ...

1 year ago - Seeking Alpha

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...

Other symbols: PAXSPCKPCMPCNPCQPDIPDO
1 year ago - GlobeNewsWire

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...

Other symbols: BTZCMUDSLETXEVGEVNFLC
1 year ago - Seeking Alpha

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 ...

Other symbols: PCKPCNPCQPFLPFNPMFPML
1 year ago - GlobeNewsWire

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.

Other symbols: FSCOPCMPCNPDIPDOPDTPFN
1 year ago - Seeking Alpha

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...

Other symbols: PAXSPCKPCMPCNPCQPDIPDO
1 year ago - GlobeNewsWire

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

Other symbols: PAXSPCMPDIPDOPFLPFNPGP
1 year ago - Seeking Alpha

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.

Other symbols: IVZ
1 year ago - Business Insider