PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Stock Breaks Above 50 Day Moving Average – Here’s Why

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ – Get Free Report)’s stock price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $24.04 and traded as high as $24.75. PhenixFIN Co. 5.25% Notes due 2028 shares last traded at $24.41, with a volume of 1,237 shares changing hands.

PhenixFIN Co. 5.25% Notes due 2028 Trading Up 1.6%

The firm has a fifty day moving average of $24.04 and a 200-day moving average of $23.92.

PhenixFIN Co. 5.25% Notes due 2028 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th were paid a dividend of $0.3245 per share. The ex-dividend date was Thursday, October 15th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.3%. This is a decrease from PhenixFIN Co. 5.25% Notes due 2028’s previous quarterly dividend of $0.3354.

About PhenixFIN Co. 5.25% Notes due 2028

(Get Free Report)

PhenixFIN Co 5.25% Notes due 2028 (NASDAQ: PFXNZ) are publicly traded debt securities issued by PhenixFIN Corporation, a business development company. The notes represent an investment in the issuer’s debt obligations and are scheduled to mature in 2028, subject to the terms of the offering.

PhenixFIN Corporation focuses on providing financing to privately held, middle-market companies. Its investment activities have generally included senior secured loans, subordinated debt and, in some cases, equity investments.

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