PIMCO High Income Fund (PHK)
Financial Services · NYQ
Fundamentals
Valuation and ratings
PIMCO High Income Fund trades at USD4.62, close to the USD4.67 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 65 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 9.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
PHK dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.336 | 7 |
| 2025 | USD0.576 | 12 |
| 2024 | USD0.576 | 12 |
| 2023 | USD0.576 | 12 |
| 2022 | USD0.576 | 12 |
| 2021 | USD0.576 | 12 |
| 2020 | USD0.641 | 12 |
| 2019 | USD0.792 | 12 |
| 2018 | USD0.972 | 12 |
| 2017 | USD0.994 | 12 |
| 2016 | USD1.24 | 12 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About PIMCO High Income Fund
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.
PHK passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is PIMCO High Income Fund (PHK) undervalued?
Against our discounted cash flow estimate of USD4.67, PHK at USD4.62 is 1% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is PHK's P/E ratio?
PHK trades at 9.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does PIMCO High Income Fund (PHK) pay a dividend?
Yes. PIMCO High Income Fund yields 12.23% at the current share price. It has paid USD0.576 per share over the trailing twelve months. It has paid a dividend in each of the last 23 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.