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

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) announced a monthly dividend on Tuesday, April 14th. Stockholders of record on Tuesday, June 16th will be paid a dividend of 0.17 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Tuesday, June 16th.

Herzfeld Credit Income Fund Stock Performance

Shares of Herzfeld Credit Income Fund stock opened at $15.96 on Wednesday. The firm has a fifty day simple moving average of $23.06 and a 200-day simple moving average of $159.87. Herzfeld Credit Income Fund has a 1-year low of $13.71 and a 1-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.