New America High Income Fund Inc. (NYSE:HYB) announced a monthly dividend on Tuesday, December 19th, Wall Street Journal reports. Investors of record on Wednesday, February 14th will be given a dividend of 0.055 per share by the investment management company on Wednesday, February 28th. This represents a $0.66 annualized dividend and a dividend yield of 7.01%. The ex-dividend date is Tuesday, February 13th.
New America High Income Fund has decreased its dividend by an average of 2.6% per year over the last three years.
Shares of New America High Income Fund (NYSE:HYB) traded down $0.04 during midday trading on Thursday, reaching $9.42. The company’s stock had a trading volume of 55,100 shares, compared to its average volume of 70,886. New America High Income Fund has a 12 month low of $9.03 and a 12 month high of $10.20.
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About New America High Income Fund
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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