Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) to Issue Monthly Dividend of $0.17

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) declared a monthly dividend on Tuesday, April 14th. Investors of record on Tuesday, June 16th will be paid a dividend of 0.17 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Tuesday, June 16th.

Herzfeld Credit Income Fund Stock Down 0.7%

Shares of HERZ opened at $15.96 on Wednesday. The company’s 50 day moving average price is $23.06 and its 200 day moving average price is $159.87. Herzfeld Credit Income Fund has a 52 week low of $13.71 and a 52 week high of $31.00.

Insider Buying and Selling

In other Herzfeld Credit Income Fund news, Chairman Thomas J. Herzfeld bought 3,760 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was bought at an average cost of $15.32 per share, with a total value of $57,603.20. Following the completion of the transaction, the chairman directly owned 189,388 shares of the company’s stock, valued at approximately $2,901,424.16. The trade was a 2.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 5,188 shares of company stock valued at $80,125 over the last ninety days. Insiders own 42.47% of the company’s stock.

Institutional Trading of Herzfeld Credit Income Fund

Large investors have recently added to or reduced their stakes in the business. Thomas J. Herzfeld Advisors Inc. bought a new stake in Herzfeld Credit Income Fund in the fourth quarter worth approximately $12,969,000. Corient Private Wealth LLC bought a new stake in Herzfeld Credit Income Fund in the fourth quarter worth approximately $61,000. Cetera Investment Advisers bought a new stake in Herzfeld Credit Income Fund in the fourth quarter worth approximately $55,000. Jane Street Group LLC bought a new stake in Herzfeld Credit Income Fund in the first quarter worth approximately $29,000. Finally, Hunting Hill Global Capital LLC bought a new stake in Herzfeld Credit Income Fund in the fourth quarter worth approximately $90,000. 15.74% of the stock is owned by institutional investors.

About Herzfeld Credit Income Fund

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.