Pioneer High Income Fund (PHT) Stock

Pioneer's High Income Fund offers an 8.6% dividend yield, but has underperformed in price return and total return over the last decade. PHT's portfolio consists mainly of below investment grade corporate bonds, with a significant exposure to the B rated space. Despite trading at a discount to NAV, PHT has not shown meaningful NAV growth since inception.

Pioneer High Income Fund, Inc. provides a relatively appealing yield of 8.96% at its current price. The PHT closed-end fund has seen a 6.74% increase in share price since August 2023, surpassing domestic bond indices.

Pioneer High Income Fund (PHT) pays a high distribution yield but has historically earned only modest total returns, leading to principal losses and shrinking distributions. PHT's portfolio consists mainly of non-investment grade bonds and convertible securities, with a significant allocation to high yield corporate bonds. While PHT has above-average returns compared to the high yield bond asset class, its distribution rate may be too high for its earnings power, making it a poor long-term investment.

Pioneer High Income Fund, Inc. offers a high level of income with a current yield of 9.69%. Inflation is increasing, making additional income necessary to maintain lifestyles. The PHT closed-end fund primarily invests in bonds, with a small allocation to preferred stock and convertible securities.

It's back to the 1980s in the corporate-bond world—with yields through the roof! I'm talking safe 9.9%+ payouts when we buy bonds through high-yielding funds.