New Amer Hi Inc (NYSE:HYB) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, October 17th will be given a dividend of 0.06 per share by the investment management company on Tuesday, October 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date is Monday, October 16th.
New Amer Hi has decreased its dividend by an average of 2.6% per year over the last three years.
Shares of New Amer Hi (NYSE HYB) opened at 9.85 on Friday. The stock has a 50 day moving average price of $9.82 and a 200-day moving average price of $9.63. New Amer Hi has a 1-year low of $8.33 and a 1-year high of $10.20.
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About New Amer Hi
The New America High Income Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide high current income while seeking to preserve stockholders’ capital through investment in a professionally managed, diversified portfolio of high yield fixed-income securities.