SmarterDividends
PHK

PIMCO High Income Fund

PHK

Financial Services · Asset Management · Stock · monthly payer

$4.08

Undervalued · +66% Add to Portfolio

Forward Yield

14.12%

Annual Dividend

$0.58

Payout Ratio

120%

5-Yr Growth

-2.1%

Ex-Date

Oct 13, 2026

Frequency

Monthly

Key facts about PHK's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 23, 2026, PIMCO High Income Fund (PHK) has a forward dividend yield of 14.12%, based on an annual dividend of $0.58 per share and a share price of $4.08.
  • As of Oct 23, 2026, PHK's dividend safety grade from SmarterDividends is C (61 out of 100), which rates the dividend as borderline.
  • PHK last cut its regular dividend in 2020.
  • PHK's most recent ex-dividend date was Oct 13, 2026, for a dividend of $0.0480 per share.
  • As of Oct 23, 2026, PHK pays out 120% of its trailing 12-month earnings as dividends (its payout ratio).
  • PHK's dividend has shrunk at an average rate of 2.1% a year over the past five years.
  • As of Oct 23, 2026, PHK's 14.12% yield is 28% above its five-year average yield of 11.05%.
  • As of Oct 23, 2026, SmarterDividends' blended fair-value estimate for PHK is $6.79 per share, 66% above the $4.08 share price, so PHK screens as undervalued.
  • PIMCO High Income Fund (PHK) pays its dividend monthly, 12 times a year.
  • PIMCO High Income Fund (PHK) has raised its regular dividend 0 times and cut it 4 times across the 282 payments on record since 2003. Its most recent change was a 21.3% cut to $0.0480 per share, going ex-dividend on Jun 10, 2020.
Cite this page

SmarterDividends, "PHK Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 23, 2026, https://smarterdividends.com/stocks/PHK

Summary

As of Oct 23, 2026, PIMCO High Income Fund (PHK) yields 14.12% ($0.58 a year per share) and has a dividend safety grade of C (61/100).

Is PHK a good dividend stock?

Yes, with caveats

PIMCO High Income Fund (PHK) pays a monthly dividend yielding 14.12% ($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 (120%)
    • 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
    14.12%
    Payout Ratio
    120%
    Annual Dividend
    $0.58
    5-Yr Avg Growth
    -2.1%
    Ex-Dividend Date
    Oct 13, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    0.56
    Market Cap
    $763.7M
    P/E Ratio
    8.5
    5-Yr Total Return
    -32%
    52-Week Range
    $4.01 – $5.00
    Dividend Safety
    C · 61/100
    Ever Cut?
    Yes (2020)

    PHK dividend raises and cuts

    PIMCO High Income Fund (PHK) has raised its regular dividend 0 times and cut it 4 times across the 282 payments on record since 2003. Its most recent change was a 21.3% cut to $0.0480 per share, going ex-dividend on Jun 10, 2020.

    Ex-dateChangeOld → newMove
    Jun 10, 2020Cut$0.0610 → $0.0480−21.3%
    Apr 10, 2019Cut$0.0810 → $0.0610−24.7%
    Feb 9, 2017Cut$0.103 → $0.0810−21.4%
    Sep 9, 2015Cut$0.122 → $0.103−15.6%
    Every PHK payment →Download every raise and cut (CSV)
    PHK ex-dividend date & scheduleNext ex-date Oct 13, 2026 · full ex-dividend historyView →PHK dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is PHK a good dividend stock?

    Yes, with caveats. PIMCO High Income Fund (PHK) pays a monthly dividend yielding 14.12% ($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.

    Is PHK undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PHK's fair value is about $6.79 versus a $4.08 share price — so it looks undervalued (+66% vs. fair value).

    Is PHK's dividend safe?

    PHK has a dividend-safety grade of C (61/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

    What is PHK's fair value?

    Our blended fair-value estimate for PHK is about $6.79 per share, roughly 66% above the current $4.08 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is PHK a buy, hold, or sell?

    We don't issue formal ratings, but on the data PHK screens as "yes, with caveats" and undervalued. PIMCO High Income Fund (PHK) pays a monthly dividend yielding 14.12% ($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. This is research for your own analysis, not investment advice.

    Will PHK cut its dividend?

    PHK earns a dividend-safety grade of C (61/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does PHK pay a dividend?

    Yes. PIMCO High Income Fund pays a monthly dividend of about $0.58 per share annually, a forward yield of roughly 14.12%.

    What is PHK's dividend yield?

    As of Oct 23, 2026, PHK's forward dividend yield is 14.12%, based on a $0.58 annual dividend and a $4.08 share price.

    What is PHK's dividend per share?

    As of Oct 23, 2026, PHK pays $0.58 per share per year, distributed on a monthly basis.

    What is PHK's dividend payout ratio?

    As of Oct 23, 2026, PHK's payout ratio is 120% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has PHK grown its dividend?

    PHK does not currently have a long dividend-growth streak on record.

    When is the next PHK ex-dividend date?

    As of Oct 23, 2026, PHK's next ex-dividend date hasn't been announced. The most recent was Oct 13, 2026, for $0.0480 per share.

    Income Calculator

    At $0.58 / yr per share

    Per payment (monthly)$4.83
    Annual$58.00
    Monthly avg$4.83

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