Herzfeld Credit Income Fund, Inc. (HERZ) to Issue Monthly Dividend of $0.17 on May 6th

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) announced a monthly dividend on Tuesday, April 14th. Shareholders of record on Friday, April 24th will be paid a dividend of 0.17 per share by the investment management company on Wednesday, May 6th. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Friday, April 24th.

Herzfeld Credit Income Fund Price Performance

HERZ stock opened at $15.95 on Thursday. The firm has a 50 day simple moving average of $19.73 and a two-hundred day simple moving average of $158.86. Herzfeld Credit Income Fund has a one year low of $13.71 and a one year high of $31.00.

Herzfeld Credit Income Fund Company Profile

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.