The New America High Income Fund Inc. (NYSE:HYB) Declares $0.04 Monthly Dividend

The New America High Income Fund Inc. (NYSE:HYB) announced a monthly dividend on Monday, April 1st, NASDAQ reports. Investors of record on Tuesday, April 16th will be given a dividend of 0.04 per share by the investment management company on Tuesday, April 30th. This represents a $0.48 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend is Monday, April 15th.

The New America High Income Fund has decreased its dividend payment by an average of 7.7% per year over the last three years.

The New America High Income Fund Trading Down 0.1 %

NYSE HYB traded down $0.01 on Wednesday, reaching $7.20. The company had a trading volume of 45,560 shares, compared to its average volume of 40,338. The stock’s 50 day moving average is $7.27 and its 200-day moving average is $6.93. The New America High Income Fund has a 52 week low of $6.23 and a 52 week high of $7.41.

Institutional Trading of The New America High Income Fund

Several hedge funds have recently added to or reduced their stakes in HYB. Money Concepts Capital Corp bought a new stake in The New America High Income Fund during the 4th quarter worth $52,000. Envestnet Asset Management Inc. bought a new stake in shares of The New America High Income Fund in the 3rd quarter valued at about $66,000. UBS Group AG grew its position in shares of The New America High Income Fund by 16.0% in the 2nd quarter. UBS Group AG now owns 9,738 shares of the investment management company’s stock valued at $66,000 after buying an additional 1,342 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of The New America High Income Fund in the 1st quarter valued at about $113,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of The New America High Income Fund in the 4th quarter valued at about $114,000.

The New America High Income Fund Company Profile

The New America High Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by T. Rowe Price Associates, Inc The fund invests in the fixed income markets of the United States. It seeks to invest in the stocks of companies operating across the diversified sectors. The fund invests in high yield fixed-income securities i.e.