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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): PIMCO Income Fund (PONAX) pays a $0.57 annual dividend ($0.04 monthly), yielding 5.31% at $10.70/share. Next ex-dividend date 2026-08-31. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.31%
Annual Dividend: $0.57 per share
Ex-Dividend Date: 2026-08-31
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 20
The PIMCO Income Fund dividend comes from a portfolio that commits at least 65% of its assets to fixed-income instruments, spanning a range of durations and accessed through bonds, derivatives, options, futures, and swap agreements. PONAX currently yields 5.31%, paying $0.5682 per share over the trailing twelve months in monthly distributions, with the next ex-dividend date on August 31, 2026. The last monthly payment was $0.0445 per share. A beta of 0.79 means the fund moves less than the broader market, which suits income-focused investors who prioritize steadier returns over capital appreciation.
PIMCO Income Fund pays out dividends as a fund, making the payout ratio not applicable (fund/ETF). The income stream is backed by a diversified fixed-income portfolio, with up to 50% of assets permitted in high-yield, below-investment-grade securities, which carry higher credit risk but also generate higher coupon income to support distributions. PIMCO Income Fund dividend safety faces its most direct pressure from that high-yield allocation: credit deterioration or rising default rates in the below-investment-grade portion of the portfolio can compress income and put downward pressure on monthly payments.
PIMCO Income Fund dividend history shows a CAGR of -0.0% per year from 2009 to 2025. Per-share payments started at $0.6171 and ended at $0.6170 over that span (with 2026 a partial year and excluded from this calculation). The largest annual increase in the window was 20.3% in 2023, but the history also contains at least one year-over-year decline exceeding 5%, so growth has been uneven rather than linear. For income investors, flat long-term growth means the purchasing power of distributions has eroded with inflation over time.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.3% | $0.51 (2022) | $0.62 (2025) |
| 5-Year | +2.7% | $0.54 (2020) | $0.62 (2025) |
| 10-Year | -2.8% | $0.82 (2015) | $0.62 (2025) |
PIMCO Income Fund fits income-focused investors who want monthly cash flow from a diversified fixed-income portfolio and can accept that the dividend amount has not grown in real terms over the long run. The yield is classified as high (above 4%), currently at 5.31%, which sits just above the fund's own 5-year average of 5.23%, so the current yield is not an outlier. Four consecutive years of dividend increases show recent momentum, but the longer history includes meaningful cuts, so the income is not unconditional. The trade-off is clear: PONAX delivers a high monthly yield from a broad fixed-income mandate, but long-term dividend growth is essentially flat.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-31 | $0.0445 |
| 2026-07-31 | $0.0445 |
| 2026-06-30 | $0.0445 |
| 2026-05-29 | $0.0445 |
| 2026-04-30 | $0.0445 |
| 2026-03-31 | $0.0444 |
| 2026-02-27 | $0.0444 |
| 2026-01-30 | $0.0513 |
| 2025-12-31 | $0.0513 |
| 2025-11-28 | $0.0513 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.3626 |
| 2025 | $0.6170 |
| 2024 | $0.6177 |
| 2023 | $0.6184 |
| 2022 | $0.5140 |
Project income from PONAX with the PONAX dividend calculator or track your full portfolio with the dividend tracker.