PIMCO High Income Fund invests across corporate, mortgage and other credit markets, including international opportunities. The portfolio is built to generate current income, while its bond choices and borrowing costs determine how much reaches shareholders.
Business
Multi-sector bond CEF
Listing
PHK · New York Stock Exchange
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Interest from the debt portfolio is PHK's recurring income. Financing and operating costs reduce that to net investment income. Credit and currency outcomes can also affect portfolio value and the resources behind the monthly payment.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.48
Jul 1, 2025 to Jun 30, 2026
$0.00$0.48
Distribution yield13.21%Sourced distributions divided by dated market priceTrailing 12-month income yield11.65%Net investment income for Jul 1, 2025 to Jun 30, 2026, divided by market price $4.1200 on Sep 29, 2026. Historical income; not a forecast.Reported annual investment income$0.48Per share for 2026 FY. Excludes investment gains.Annual dividend$0.58Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Oct 1, 2026
$0.048
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Why the annual trend is limited
The fund changed its financial year-end. The shorter transition period remains in the dated table and is excluded from annual charts. Compare the dates as well as the values.
Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Fund net investment income per common share; actual reporting period, not annualized$0.4800
$0.00$0.50
For the year ended June 30, 2026, PHK reported $0.48 of net investment income per share and $0.58 of regular distributions. The annual gap was $0.10 per share. The filing's distribution sources and NAV help explain the full shareholder result.
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 20.19%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
PIMCO High Income Fund reported $0.4800 per share for 2025-07-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in global credit markets can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next net investment income with regular cash paid. Credit results, financing costs and NAV will show what changed behind the monthly distribution.
Net asset value (NAV)
NAV per share$4.30Sep 29, 2026Market price$4.12Sep 29, 2026PREMIUM / DISCOUNT TO NAV4.19% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Compare the next net investment income with regular cash paid. Credit results, financing costs and NAV will show what changed behind the monthly distribution.
Loading current company feeds…
U.S. federal · Tax year 2025 · Selected payments only
Dividend tax treatment
For six payments from February through July 2025, PIMCO reported $0.049366 of return of capital out of $0.2880 distributed per common share.
These figures cover only the February through July 2025 payments. They describe $0.2880 per share across 6 payments, not the full 2025 tax mix. The company form identifies return of capital for these six payments only. It does not classify the rest of the payments as ordinary dividends, or tell us the full calendar-year mix. Use your Form 1099-DIV for the full year. See the company's tax filing.
Total ordinary dividends
Not confirmed
Qualified dividends
Not confirmed
Capital-gain distributions
Not confirmed
Return of capital
17.14%
The payments named above have company-backed tax information, and that is worth seeing. Other 2025 payments may have a different mix, so we have not extended these percentages beyond the dates the source actually covers. Your full-year tax statement completes the story.
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
