The New America High Income Fund Inc. (HYB) To Go Ex-Dividend on November 15th

The New America High Income Fund Inc. (NYSE:HYB) announced a monthly dividend on Wednesday, November 1st, NASDAQ reports. Shareholders of record on Thursday, November 16th will be paid a dividend of 0.04 per share by the investment management company on Thursday, November 30th. This represents a $0.48 annualized dividend and a yield of 7.29%. The ex-dividend date of this dividend is Wednesday, November 15th.

The New America High Income Fund has decreased its dividend by an average of 3.1% annually over the last three years.

The New America High Income Fund Stock Up 1.1 %

Shares of NYSE HYB opened at $6.58 on Monday. The New America High Income Fund has a 1-year low of $6.23 and a 1-year high of $7.27. The business’s fifty day moving average price is $6.53 and its two-hundred day moving average price is $6.61.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Logan Stone Capital LLC increased its holdings in shares of The New America High Income Fund by 203.5% during the fourth quarter. Logan Stone Capital LLC now owns 122,569 shares of the investment management company’s stock valued at $809,000 after purchasing an additional 82,190 shares during the period. Rivernorth Capital Management LLC increased its holdings in shares of The New America High Income Fund by 42.6% during the second quarter. Rivernorth Capital Management LLC now owns 75,593 shares of the investment management company’s stock valued at $503,000 after purchasing an additional 22,572 shares during the period. Saba Capital Management L.P. acquired a new position in shares of The New America High Income Fund during the first quarter valued at $595,000. Baird Financial Group Inc. acquired a new position in shares of The New America High Income Fund during the first quarter valued at $498,000. Finally, LPL Financial LLC increased its holdings in shares of The New America High Income Fund by 5.5% during the fourth quarter. LPL Financial LLC now owns 48,565 shares of the investment management company’s stock valued at $321,000 after purchasing an additional 2,520 shares during the period. 27.03% of the stock is owned by institutional investors and hedge funds.

About The New America High Income Fund

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.