PIMCO High Income Fund ( NYSE:PHK – Get Rating ) announced a monthly dividend on Wednesday, May 3rd, Wall Street Journal reports. Investors of record on Thursday, May 11th will be paid a dividend of 0.048 per share by the investment management company on Thursday, June 1st. This represents a $0.58 dividend on an annualized basis and a yield of 12.08%. The ex-dividend date is Wednesday, May 10th. PIMCO High Income Fund has decreased its dividend by an average of 10.2% per year over the last three years.

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