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

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) announced a monthly dividend on Saturday, September 26th. 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 $2.04 dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date of this dividend is Friday, October 23rd.

Herzfeld Credit Income Fund Stock Performance

Shares of Herzfeld Credit Income Fund stock traded down $0.03 during midday trading on Friday, hitting $15.54. The company had a trading volume of 73,249 shares, compared to its average volume of 29,610. The company has a fifty day simple moving average of $16.01 and a 200 day simple moving average of $16.58. Herzfeld Credit Income Fund has a 12-month low of $13.71 and a 12-month high of $28.30.

Institutional Investors 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 bought a new stake in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 reporting period. 15.74% of the stock is currently owned by institutional investors and hedge funds.

Herzfeld Credit Income Fund Company Profile

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.