Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ – Get Free Report) announced a monthly dividend on Wednesday, September 23rd. Stockholders of record on Friday, October 23rd will be given a dividend of 0.17 per share by the investment management company on Friday, November 6th. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Friday, October 23rd.
Herzfeld Credit Income Fund Stock Up 0.1%
Shares of NASDAQ HERZ traded up $0.02 during mid-day trading on Wednesday, reaching $15.79. The company had a trading volume of 15,627 shares, compared to its average volume of 16,463. The business’s 50-day simple moving average is $16.07 and its 200 day simple moving average is $16.58. Herzfeld Credit Income Fund has a one year low of $13.71 and a one year high of $28.30.
Hedge Funds Weigh In On Herzfeld Credit Income Fund
A hedge fund recently bought a new position in Herzfeld Credit Income Fund stock. Hunting Hill Global Capital LLC purchased a new position in shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 40,401 shares of the investment management company’s stock, valued at approximately $90,000. Hunting Hill Global Capital LLC owned 2.51% of Herzfeld Credit Income Fund at the end of the most recent quarter. Institutional investors and hedge funds own 15.74% of the company’s stock.
About Herzfeld Credit Income Fund
Herzfeld Credit Income Fund (NASDAQ: HERZ) is a closed-end investment fund that seeks to provide current income and, to a lesser extent, capital appreciation. The fund invests in a diversified portfolio of credit-related securities and other income-producing instruments.
Its investments may include corporate debt, bank loans, asset-backed securities, mortgage-related securities, collateralized loan obligations and other structured credit instruments. The portfolio may include securities rated below investment grade, which can offer higher income potential but also involve greater credit and market risk.
Herzfeld Credit Income Fund is managed by Thomas J.
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