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 Wednesday, May 20th. Shareholders of record on Friday, July 17th will be given a dividend of 0.17 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Friday, July 17th.

Herzfeld Credit Income Fund Stock Down 2.0%

NASDAQ:HERZ traded down $0.37 on Wednesday, reaching $17.88. 2,695 shares of the stock traded hands, compared to its average volume of 8,552. Herzfeld Credit Income Fund has a 12 month low of $13.71 and a 12 month high of $31.00. The company’s fifty day simple moving average is $16.65 and its 200 day simple moving average is $19.79.

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.