PIMCO Access Income Fund (NYSE:PAXS) Declares Monthly Dividend of $0.15

PIMCO Access Income Fund (NYSE:PAXS) announced a monthly dividend on Monday, June 1st. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.1494 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date is Thursday, June 11th.

PIMCO Access Income Fund Price Performance

Shares of PAXS stock opened at $14.34 on Tuesday. PIMCO Access Income Fund has a 1 year low of $13.74 and a 1 year high of $16.56. The firm has a fifty day moving average price of $14.35 and a 200-day moving average price of $15.15.

Institutional Investors Weigh In On PIMCO Access Income Fund

Hedge funds have recently modified their holdings of the business. Thomas J. Herzfeld Advisors Inc. grew its position in shares of PIMCO Access Income Fund by 55.3% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 747,910 shares of the company’s stock valued at $11,443,000 after acquiring an additional 266,473 shares during the period. Bank of America Corp DE grew its position in shares of PIMCO Access Income Fund by 21.1% during the 2nd quarter. Bank of America Corp DE now owns 374,892 shares of the company’s stock valued at $5,665,000 after acquiring an additional 65,266 shares during the period. Cerity Partners LLC grew its position in shares of PIMCO Access Income Fund by 95.6% during the 4th quarter. Cerity Partners LLC now owns 100,002 shares of the company’s stock valued at $1,530,000 after acquiring an additional 48,864 shares during the period. Janney Montgomery Scott LLC grew its position in shares of PIMCO Access Income Fund by 1.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 42,273 shares of the company’s stock valued at $647,000 after acquiring an additional 643 shares during the period. Finally, Mariner LLC bought a new stake in shares of PIMCO Access Income Fund during the 3rd quarter valued at $391,000.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.