RENN Fund, Inc. (NYSEAMERICAN:RCG – Get Free Report)’s stock price was up 4% on Thursday . The stock traded as high as $2.88 and last traded at $2.86. Approximately 11,711 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 11,485 shares. The stock had previously closed at $2.75.
RENN Fund Trading Up 4.0%
The stock’s fifty day moving average price is $2.66 and its 200-day moving average price is $2.63.
RENN Fund Announces Dividend
The firm also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Tuesday, December 16th were given a $0.0215 dividend. This represents a yield of 83.0%.
About RENN Fund
RENN Fund, Inc (NYSE American: RCG) is a closed-end management investment company that seeks to provide current income to its shareholders, with capital preservation as a secondary objective. The Fund pursues this objective by investing primarily in a diversified portfolio of corporate debt securities, including both investment-grade and below-investment-grade (high-yield) bonds, floating-rate bank loans and convertible securities.
To enhance income and manage portfolio risk, the Fund may employ leverage through borrowings or the issuance of preferred shares.
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