Pearl Diver Credit Company Inc. (NYSE:PDCC) Declares Monthly Dividend of $0.22

Pearl Diver Credit Company Inc. (NYSE:PDCC) announced a monthly dividend on Tuesday, November 4th. Shareholders of record on Friday, January 16th will be given a dividend of 0.22 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 15.9%. The ex-dividend date is Friday, January 16th.

Pearl Diver Credit Trading Down 0.4%

Pearl Diver Credit stock traded down $0.07 during mid-day trading on Wednesday, hitting $16.60. The company had a trading volume of 842 shares, compared to its average volume of 3,495. The stock’s 50 day moving average price is $16.87 and its two-hundred day moving average price is $17.22. Pearl Diver Credit has a 12 month low of $15.44 and a 12 month high of $21.30.

Pearl Diver Credit (NYSE:PDCC) last released its earnings results on Tuesday, August 26th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.10). The business had revenue of $5.51 million during the quarter, compared to analyst estimates of $5.94 million.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC increased its holdings in shares of Pearl Diver Credit Company Inc. (NYSE:PDCC) by 12.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,685 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Kingswood Wealth Advisors LLC owned 1.37% of Pearl Diver Credit worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Pearl Diver Credit Company Profile

Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio’s total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.