New Amer Hi Inc (HYB) Declares Special Dividend of $0.05
New Amer Hi Inc (NYSE:HYB) announced a special dividend on Tuesday, December 19th, Wall Street Journal reports. Investors of record on Friday, December 29th will be given a dividend of 0.047 per share by the investment management company on Tuesday, January 16th. This represents a yield of 6.96%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from New Amer Hi’s previous special dividend of $0.008.
New Amer Hi has decreased its dividend payment by an average of 2.6% annually over the last three years.
New Amer Hi (NYSE:HYB) traded up $0.03 on Wednesday, reaching $9.48. 78,300 shares of the company were exchanged, compared to its average volume of 55,366. New Amer Hi has a 1-year low of $9.03 and a 1-year high of $10.20.
New Amer Hi Company Profile
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.
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