The Geraldine Weiss dividend yield theory applied to PIMCO High Income Fund ($PHK) uses the stock's historical dividend yield range to estimate when the price is cheap or expensive relative to its own dividend-paying history (2024–2026). Based on that history, $PHK is currently trading in undervalued territory.

When the $PHK yield climbs above 🟢 14.19%, the stock has historically been undervalued. When the yield falls below 🔴 11.32%, PIMCO High Income Fund has historically been overvalued. The dashed 🟡 fair value (~12.75%) line marks the orientative midpoint between both extremes, not a price target.