PHK: Flat Earnings Can Threaten Dividend Coverage

2026-02-08 03:49:19 ET

Overview

As market indices experience heightened volatility due to the earnings season for many large-cap technology companies, investors may be seeking a safe haven for their capital. Thankfully, many quality income funds can provide safety and preserve capital during times of uncertainty. The PIMCO High Income Fund ( PHK ) has done an excellent job at preserving capital over the last year due to its portfolio of debt-focused assets that are disconnected from the equity markets. When I previously covered PHK, I issued a hold rating due to the weak earnings. However, I wanted to revisit the fund's value proposition for income investors now that we've crossed into 2026....

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