The Swiss Helvetia Fund Inc. (SWZ) To Go Ex-Dividend on March 21st

The Swiss Helvetia Fund Inc. (NYSE:SWZ – Get Rating) announced a quarterly dividend on Thursday, March 9th, Zacks reports. Investors of record on Wednesday, March 22nd will be given a dividend of 0.123 per share by the closed-end fund on Friday, March 31st. This represents a $0.49 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend is Tuesday, March 21st. This is an increase from The Swiss Helvetia Fund’s previous quarterly dividend of $0.12.

The Swiss Helvetia Fund has raised its dividend payment by an average of 70.8% per year over the last three years.

The Swiss Helvetia Fund Price Performance

NYSE SWZ opened at $7.57 on Friday. The company’s 50-day simple moving average is $7.93 and its 200 day simple moving average is $7.57. The Swiss Helvetia Fund has a twelve month low of $6.56 and a twelve month high of $9.50.

Institutional Trading of The Swiss Helvetia Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in The Swiss Helvetia Fund by 11.6% in the first quarter. Cetera Investment Advisers now owns 56,000 shares of the closed-end fund’s stock valued at $516,000 after buying an additional 5,800 shares in the last quarter. Lazard Asset Management LLC boosted its position in The Swiss Helvetia Fund by 0.3% in the first quarter. Lazard Asset Management LLC now owns 805,394 shares of the closed-end fund’s stock valued at $7,425,000 after buying an additional 2,444 shares in the last quarter. UBS Group AG boosted its position in The Swiss Helvetia Fund by 10.5% in the first quarter. UBS Group AG now owns 31,172 shares of the closed-end fund’s stock valued at $287,000 after buying an additional 2,961 shares in the last quarter. Bank of America Corp DE boosted its position in The Swiss Helvetia Fund by 13.6% in the first quarter. Bank of America Corp DE now owns 84,108 shares of the closed-end fund’s stock valued at $775,000 after buying an additional 10,046 shares in the last quarter. Finally, Morgan Stanley boosted its position in The Swiss Helvetia Fund by 49.8% in the fourth quarter. Morgan Stanley now owns 87,372 shares of the closed-end fund’s stock valued at $661,000 after buying an additional 29,054 shares in the last quarter. Institutional investors own 29.48% of the company’s stock.

The Swiss Helvetia Fund Company Profile

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The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.