RENN Fund, Inc. (NYSEAMERICAN:RCG – Get Free Report) shares fell 0.4% during mid-day trading on Wednesday . The company traded as low as $2.53 and last traded at $2.54. 1,948 shares were traded during mid-day trading, a decline of 67% from the average session volume of 5,837 shares. The stock had previously closed at $2.55.
RENN Fund Stock Performance
The business’s 50-day moving average price is $2.59 and its two-hundred day moving average price is $2.61.
RENN Fund Dividend Announcement
The business also recently disclosed an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.0215 per share. This represents a yield of 83.0%.
RENN Fund Company Profile
RENN Fund, Inc (NYSE American: RCG) is a closed-end management investment company that seeks to provide current income to its shareholders, with capital preservation as a secondary objective. The Fund pursues this objective by investing primarily in a diversified portfolio of corporate debt securities, including both investment-grade and below-investment-grade (high-yield) bonds, floating-rate bank loans and convertible securities.
To enhance income and manage portfolio risk, the Fund may employ leverage through borrowings or the issuance of preferred shares.
Recommended Stories
- Five stocks we like better than RENN Fund
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- Do not delete, read immediately
- A U.S. “birthright” claim worth trillions – activated quietly
- First Time Since 2007: All Warnings Active
- Best $19 you’ll spend this year.
Receive News & Ratings for RENN Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RENN Fund and related companies with MarketBeat.com's FREE daily email newsletter.
