PIMCO Access Income Fund
PAXSFinancial Services · Stock · monthly payer
Forward Yield
13.73%
Annual Dividend
$1.79
Payout Ratio
145%
5-Yr Growth
—
Ex-Date
Sep 11, 2026
Frequency
Monthly
Summary
As of September 2026, PIMCO Access Income Fund (PAXS) yields 13.73% ($1.79 per share annually), with a blended fair-value estimate of $41.77 — +213% upside, so it screens as undervalued. Dividend safety grade: B (66/100).
Is PAXS a good dividend stock?
Yes, with caveatsPIMCO Access Income Fund (PAXS) pays a monthly dividend yielding 13.73% ($1.79/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Elevated payout ratio (145%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 13.73%
- Payout Ratio
- 145%
- Annual Dividend
- $1.79
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $615.8M
- P/E Ratio
- 10.5
- 5-Yr Total Return
- -33%
- 52-Week Range
- $13.15 – $16.56
- Dividend Safety
- B · 66/100
- Ever Cut?
- No
Frequently Asked Questions
PAXS Price — Last 12 Months
Daily close
Price Return
1 Year
-16%
3 Years
+2%
5 Years
-33%
52-Week Range
$13.15 – $16.56
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PAXS worth?
Undervaluedlow confidenceOur blended fair-value estimate for PIMCO Access Income Fund is $41.77 per share, versus a market price of $13.34. That implies 213% of upside — a margin of safety of about 68%.
Fair Value
$41.77
Current Price
$13.34
Upside
+213%
Margin of Safety
68%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $1.24 EPS, $1.79 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PAXS Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PAXS dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | — | $0.1490 | regular |
| Aug 13, 2026 | — | $0.1490 | regular |
| Jul 13, 2026 | — | $0.1490 | regular |
| Jun 11, 2026 | — | $0.1490 | regular |
| May 11, 2026 | — | $0.1490 | regular |
| Apr 13, 2026 | — | $0.1490 | regular |
| Mar 12, 2026 | — | $0.1490 | regular |
| Feb 12, 2026 | — | $0.1490 | regular |
| Jan 13, 2026 | — | $0.1490 | regular |
| Dec 11, 2025 | — | $0.1490 | regular |
| Nov 14, 2025 | — | $0.1490 | regular |
| Oct 14, 2025 | — | $0.1490 | regular |
| Sep 12, 2025 | — | $0.1490 | regular |
| Aug 11, 2025 | — | $0.1490 | regular |
Income Calculator
At $1.79 / yr per share
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