PIMCO High Income Fund
PHKFinancial Services · Stock · monthly payer
Forward Yield
12.74%
Annual Dividend
$0.58
Payout Ratio
113%
5-Yr Growth
-2.1%
Ex-Date
Sep 11, 2026
Frequency
Monthly
Summary
As of September 2026, PIMCO High Income Fund (PHK) yields 12.74% ($0.58 per share annually), with a blended fair-value estimate of $8.00 — +76% upside, so it screens as undervalued. Dividend safety grade: C (62/100).
Is PHK a good dividend stock?
Yes, with caveatsPIMCO High Income Fund (PHK) pays a monthly dividend yielding 12.74% ($0.58/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2020
- Elevated payout ratio (113%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 12.74%
- Payout Ratio
- 113%
- Annual Dividend
- $0.58
- 5-Yr Avg Growth
- -2.1%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.58
- Market Cap
- —
- P/E Ratio
- 8.8
- 5-Yr Total Return
- -28%
- 52-Week Range
- $4.41 – $5.04
- Dividend Safety
- C · 62/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
PHK Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+3%
5 Years
-28%
52-Week Range
$4.41 – $5.04
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PHK worth?
Undervaluedlow confidenceOur blended fair-value estimate for PIMCO High Income Fund is $8.00 per share, versus a market price of $4.54. That implies 76% of upside — a margin of safety of about 43%.
Fair Value
$8.00
Current Price
$4.54
Upside
+76%
Margin of Safety
43%
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.
Assumptions: 7.2% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $0.51 EPS, $0.58 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PHK Dividend Safety Score
Borderline
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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 13, 2026 | — | $0.0480 | regular |
| Jul 13, 2026 | — | $0.0480 | regular |
| Jun 11, 2026 | — | $0.0480 | regular |
| May 11, 2026 | — | $0.0480 | regular |
| Apr 13, 2026 | — | $0.0480 | regular |
| Mar 12, 2026 | — | $0.0480 | regular |
| Feb 12, 2026 | — | $0.0480 | regular |
| Jan 13, 2026 | — | $0.0480 | regular |
| Dec 11, 2025 | — | $0.0480 | regular |
| Nov 14, 2025 | — | $0.0480 | regular |
| Oct 14, 2025 | — | $0.0480 | regular |
| Sep 12, 2025 | — | $0.0480 | regular |
| Aug 11, 2025 | — | $0.0480 | regular |
| Jul 11, 2025 | — | $0.0480 | regular |
Income Calculator
At $0.58 / yr per share
