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

The New America High Income Fund Inc. (NYSE:HYB) announced a monthly dividend on Tuesday, October 1st, NASDAQ reports. Shareholders of record on Thursday, October 17th will be given a dividend of 0.04 per share by the investment management company on Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date is Thursday, October 17th.

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

The New America High Income Fund Stock Performance

Shares of NYSE:HYB traded down $0.02 during trading on Wednesday, hitting $8.31. The company’s stock had a trading volume of 42,364 shares, compared to its average volume of 65,027. The New America High Income Fund has a fifty-two week low of $6.23 and a fifty-two week high of $8.41. The business has a 50 day moving average price of $8.03 and a two-hundred day moving average price of $7.52.

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.