The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): PIMCO Income A (PONAX) pays a $0.41 annual dividend ($0.03 monthly), yielding 5.40% at $10.41/share. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.40%
Annual Dividend: $0.41 per share
Dividend Frequency: monthly
Years of Dividend History: 20
PIMCO Income Fund dividend income comes from a portfolio committed at least 65% to fixed-income instruments, including bonds accessed through derivatives like options, futures, and swap agreements. The fund currently yields 5.39%, paying $0.5682 per share over the trailing twelve months. PONAX pays monthly, with the next ex-dividend date on August 31, 2026, and a last dividend amount of $0.0445 per share. With a beta of 0.79, the fund carries below-market price volatility, which suits income-focused investors who prioritize steady monthly cash flow over capital appreciation.
PIMCO Income Fund pays out dividends as a fund, making a traditional payout ratio not applicable (fund/ETF). The payout level is supported by the fund's mandate to hold at least 65% of assets in fixed-income instruments, which generate interest income as the direct source of distributions. PIMCO Income Fund dividend safety faces one notable structural pressure: up to 50% of the portfolio can be allocated to below-investment-grade, high-yield securities, which carry higher default risk and can see income disruption during credit stress, as the decline to $0.4320 in 2021 from $0.5399 in 2020 demonstrates.
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 across that window (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%, meaning growth has been uneven rather than linear. For income investors, the flat long-run CAGR means PONAX has functioned as a yield vehicle, not a dividend growth story.
| 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 fixed-income portfolio and can accept payment variability over time. The yield is classified as high (above 4%), currently at 5.39%, which sits just above the fund's own 5-year average of 5.31%, so the current yield is not an outlier. The four consecutive years of dividend increases since 2021 show recent momentum, but the flat 16-year CAGR of -0.0% makes clear this is not a compounding growth story. What an investor gets is a high monthly yield from a diversified bond portfolio; what they accept is exposure to credit risk through the fund's high-yield allocation and a history of payment fluctuation.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-30 | $0.0450 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.4076 |
| 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.