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

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) declared a monthly dividend on Wednesday, May 20th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.17 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Wednesday, September 16th.

Herzfeld Credit Income Fund Stock Down 2.0%

NASDAQ:HERZ opened at $17.88 on Thursday. Herzfeld Credit Income Fund has a fifty-two week low of $13.71 and a fifty-two week high of $31.00. The firm’s 50 day moving average is $16.69 and its two-hundred day moving average is $19.76.

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.