PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Trading 0.2% Higher – Still a Buy?

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ)’s stock price was up 0.2% during mid-day trading on Thursday . The company traded as high as $23.76 and last traded at $23.6950. Approximately 3,483 shares changed hands during mid-day trading, an increase of 124% from the average daily volume of 1,557 shares. The stock had previously closed at $23.65.

PhenixFIN Co. 5.25% Notes due 2028 Stock Performance

The business has a 50-day moving average price of $23.56 and a 200 day moving average price of $23.56.

PhenixFIN Co. 5.25% Notes due 2028 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a dividend of $0.3281 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Wednesday, April 15th.

About PhenixFIN Co. 5.25% Notes due 2028

The PhenixFIN Co 5.25% Notes due 2028 (NASDAQ: PFXNZ) are senior unsecured debt securities issued by PhenixFIN Co, an indirect wholly-owned subsidiary of PhenixFIN Corporation. These fixed-rate notes pay interest semi-annually at a rate of 5.25% and mature on September 6, 2028. They trade on the NASDAQ Capital Market under the ticker PFXNZ, offering investors exposure to the growth of a specialist finance company through a publicly listed bond.

PhenixFIN Corporation is a fintech-driven specialty finance platform that provides receivables financing solutions to small and medium-sized enterprises in the United States.