Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.19 and traded as low as $16.50. Herzfeld Credit Income Fund shares last traded at $16.6150, with a volume of 12,140 shares traded.
Herzfeld Credit Income Fund Price Performance
The firm’s 50 day simple moving average is $17.15 and its two-hundred day simple moving average is $17.15.
Herzfeld Credit Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 12.4%.
Institutional Investors Weigh In On Herzfeld Credit Income Fund
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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