Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ – Get Free Report) declared a monthly dividend on Wednesday, May 20th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.17 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, September 16th.
Herzfeld Credit Income Fund Stock Performance
HERZ opened at $16.09 on Monday. The stock’s fifty day simple moving average is $16.24 and its 200 day simple moving average is $16.57. Herzfeld Credit Income Fund has a 1-year low of $13.71 and a 1-year high of $28.30.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of Herzfeld Credit Income Fund in the first quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new position in Herzfeld Credit Income Fund during the 4th quarter worth $44,000. Cetera Investment Advisers acquired a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth $55,000. Corient Private Wealth LLC bought a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $61,000. Finally, Blue Bell Private Wealth Management LLC acquired a new position in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $87,000. 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.
Further Reading
- Five stocks we like better than Herzfeld Credit Income Fund
- Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
Receive News & Ratings for Herzfeld Credit Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herzfeld Credit Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
