Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Declares $0.69 Dividend

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) declared a dividend on Monday, November 10th, NASDAQ Dividends reports. Shareholders of record on Friday, November 21st will be paid a dividend of 0.6867 per share by the investment management company on Tuesday, December 30th. The ex-dividend date is Wednesday, December 31st.

Herzfeld Credit Income Fund Price Performance

NASDAQ:HERZ opened at $2.71 on Monday. The business has a fifty day simple moving average of $2.49 and a two-hundred day simple moving average of $2.46. Herzfeld Credit Income Fund has a 1 year low of $2.24 and a 1 year high of $3.10.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

A hedge fund recently bought a new stake in Herzfeld Credit Income Fund stock. Jane Street Group LLC acquired a new stake in shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,043 shares of the investment management company’s stock, valued at approximately $29,000. Jane Street Group LLC owned about 0.15% of Herzfeld Credit Income Fund as of its most recent SEC filing. 15.74% of the stock is owned by institutional investors.

About Herzfeld Credit Income Fund

Herzfeld Credit Income Fund (NASDAQ:HERZ) is a closed-end, non-diversified management investment company that trades on the NASDAQ Capital Market. The fund is externally managed by Herzfeld Advisors, Inc, which is responsible for day-to-day portfolio construction, credit research and risk management under the oversight of an independent board of directors.

The fund’s primary objective is to generate current income with an emphasis on preservation of capital. To pursue this goal, Herzfeld Credit Income Fund invests in a diversified portfolio of corporate debt instruments, including senior secured loans, high-yield bonds, mezzanine loans and other fixed-income securities.