Pearl Diver Credit Company Inc. (NYSE:PDCC) Announces $0.22 Monthly Dividend

Pearl Diver Credit Company Inc. (NYSE:PDCC) declared a monthly dividend on Wednesday, January 28th. Shareholders of record on Friday, February 13th will be given a dividend of 0.22 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 19.0%. The ex-dividend date of this dividend is Friday, February 13th.

Pearl Diver Credit Stock Up 0.3%

Shares of NYSE PDCC traded up $0.04 during trading on Thursday, hitting $13.89. The company had a trading volume of 167 shares, compared to its average volume of 3,903. The stock has a fifty day simple moving average of $14.54 and a two-hundred day simple moving average of $15.98. Pearl Diver Credit has a fifty-two week low of $13.50 and a fifty-two week high of $21.30.

Pearl Diver Credit (NYSE:PDCC) last issued its quarterly earnings results on Tuesday, November 18th. The company reported $0.44 earnings per share for the quarter. The company had revenue of $5.41 million during the quarter.

Hedge Funds Weigh In On Pearl Diver Credit

A hedge fund recently raised its stake in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC increased its holdings in shares of Pearl Diver Credit Company Inc. (NYSE:PDCC) by 12.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,685 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Kingswood Wealth Advisors LLC owned about 1.37% of Pearl Diver Credit worth $1,463,000 at the end of the most recent reporting period.

About Pearl Diver Credit

Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio’s total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.