Payden Equity Income Fund
PYVLX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 S Grand Ave Los Angeles CA United States of America 90071
- IPO Date
- Nov 4, 1996
- CIK
- 0000885709
- Website
- payden.com
- Similar Companies
- Business
- Payden Equity Income Fund (PYVLX) is a mutual fund managed by Payden & Rygel Investment Management, focusing on generating current income and capital appreciation through investments in dividend-paying equities. The fund primarily invests in common stocks of U.S. companies with above-average dividend yields, emphasizing large-cap value stocks selected for sustainable dividends, financial strength, and growth potential; it employs a bottom-up fundamental analysis approach, targeting sectors such as financials, utilities, consumer staples, and healthcare. Additional strategies include selective use of preferred stocks, convertible securities, and limited foreign equities to enhance yield and diversification, while maintaining a portfolio turnover rate typically below industry averages to minimize costs. Payden & Rygel, founded in 1983 and headquartered in Los Angeles, California, oversees the fund as part of its broader offerings in fixed income, equity income, and multi-asset strategies for institutional and individual investors worldwide. In recent developments, the fund has benefited from Payden & Rygel's strategic expansion into ESG-integrated equity strategies and partnerships with global custodians to improve operational efficiency; as of late 2025, it reported enhanced performance amid market volatility through increased allocations to resilient dividend growers, with no major acquisitions or name changes noted in the past two years.