Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Plans Monthly Dividend of $0.17

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) announced a monthly dividend on Tuesday, April 14th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.17 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Friday, May 15th.

Herzfeld Credit Income Fund Price Performance

Shares of Herzfeld Credit Income Fund stock opened at $15.96 on Wednesday. Herzfeld Credit Income Fund has a 12-month low of $13.71 and a 12-month high of $31.00. The company’s 50-day moving average price is $23.06 and its 200-day moving average price is $159.87.

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.