PIMCO Access Income Fund Announces $0.1494 Monthly Dividend

PIMCO Access Income Fund (PAXS) has declared a monthly dividend of $0.1494 per share. The dividend is payable on July 1, 2023, for shareholders of record on June 12, 2023.

The PIMCO Access Income Fund (PAXS) has announced a monthly dividend of $0.1494 per share, payable on July 1, 2023, for shareholders of record on June 12, 2023. This dividend is part of the fund's strategy to distribute income to shareholders on a regular basis. The fund's dividend yield, as of the latest data, is 11.87%, making it an attractive option for investors seeking high income from their investments [1].

PIMCO Access Income Fund has a history of consistent dividend payments, with a total annual dividend of $1.79 per share paid in the past year. The fund's monthly distribution is a significant part of its overall income strategy, providing a steady stream of cash to investors. The fund's distribution rates are calculated based on the annualized current distribution per share, divided by the NAV or market price as applicable [2].

The fund's performance has been robust, with an average annual total return of 10.75% since inception. This performance is driven by the fund's focus on income generation and its ability to navigate various market conditions. The fund's distribution rate is calculated to be 11.92% based on the NAV, providing investors with a substantial income stream [3].

The recent dividend declaration is a reflection of the fund's commitment to shareholder value and its ability to generate consistent income. Investors should consider the fund's performance history, distribution rates, and overall income strategy when evaluating its suitability for their investment portfolios.

References:
[1] https://stockanalysis.com/stocks/paxs/dividend/
[2] https://www.morningstar.com/news/globe-newswire/9462048/pimco-closed-end-funds-declare-monthly-common-share-distributions
[3] https://www.morningstar.com/news/globe-newswire/9462048/pimco-closed-end-funds-declare-monthly-common-share-distributions