New Amer Hi Inc (HYB) Plans $0.01 Special Dividend
New Amer Hi Inc (NYSE:HYB) declared a special dividend on Tuesday, December 19th, Wall Street Journal reports. Stockholders of record on Wednesday, January 17th will be paid a dividend of 0.008 per share by the investment management company on Wednesday, January 31st. This represents a dividend yield of 6.96%. The ex-dividend date is Tuesday, January 16th.
New Amer Hi has decreased its dividend payment by an average of 2.6% per year over the last three years.
Shares of New Amer Hi (NYSE:HYB) traded up $0.03 during mid-day trading on Tuesday, hitting $9.48. 78,337 shares of the stock traded hands, compared to its average volume of 55,366. New Amer Hi has a one year low of $9.03 and a one year high of $10.20.
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.
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