Herzfeld Credit Income Fund, Inc. (HERZ) to Distribute Monthly Dividend of $0.17 on July 31st

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) declared 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) annualized dividend and a yield of 12.0%. The ex-dividend date is Friday, July 17th.

Herzfeld Credit Income Fund Stock Up 0.2%

Shares of Herzfeld Credit Income Fund stock opened at $17.05 on Wednesday. Herzfeld Credit Income Fund has a 12 month low of $13.71 and a 12 month high of $28.30. The business has a fifty day simple moving average of $17.36 and a 200-day simple moving average of $17.56.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

A number of institutional investors have recently bought and sold shares of HERZ. Jane Street Group LLC acquired a new position in shares of Herzfeld Credit Income Fund in the 1st quarter valued at about $29,000. International Assets Investment Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth approximately $44,000. Cetera Investment Advisers acquired a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth approximately $55,000. Corient Private Wealth LLC purchased a new position in Herzfeld Credit Income Fund during the fourth quarter valued at approximately $61,000. Finally, Blue Bell Private Wealth Management LLC purchased a new position in Herzfeld Credit Income Fund during the fourth quarter valued at approximately $87,000. 15.74% of the stock is currently owned by institutional investors and hedge funds.

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.