Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ – Get Free Report) announced a monthly dividend on Wednesday, May 20th. Investors of record on Monday, August 17th will be paid a dividend of 0.17 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date of this dividend is Monday, August 17th.
Herzfeld Credit Income Fund Stock Down 1.9%
Shares of NASDAQ HERZ opened at $16.28 on Friday. The business’s 50 day moving average is $16.52 and its two-hundred day moving average is $16.79. Herzfeld Credit Income Fund has a 12 month low of $13.71 and a 12 month high of $28.30.
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.
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