The New America High Income Fund Inc. (NYSE:HYB) announced a dividend on Wednesday, September 15th, investing.com reports. Shareholders of record on Thursday, September 16th will be given a dividend of 0.05 per share by the investment management company on Thursday, September 30th. This represents a yield of 6.19%. The ex-dividend date is Wednesday, September 15th.
HYB opened at $9.64 on Wednesday. The company has a fifty day moving average price of $9.37 and a two-hundred day moving average price of $9.23. The New America High Income Fund has a 52 week low of $8.10 and a 52 week high of $9.73.
An institutional investor recently raised its position in The New America High Income Fund stock. Morgan Stanley grew its holdings in shares of The New America High Income Fund Inc. (NYSE:HYB) by 15.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,161 shares of the investment management company’s stock after buying an additional 10,030 shares during the quarter. Morgan Stanley owned approximately 0.33% of The New America High Income Fund worth $703,000 at the end of the most recent reporting period. 25.69% of the stock is currently owned by institutional investors.
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.
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