Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Announces $0.02 Monthly Dividend

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) declared a monthly dividend on Monday, July 6th. Stockholders of record on Thursday, July 16th will be paid a dividend of 0.0155 per share by the real estate investment trust on Thursday, July 23rd. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Thursday, July 16th.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of DHY stock traded down $0.01 on Tuesday, hitting $1.78. 171,086 shares of the stock traded hands, compared to its average volume of 662,386. The company’s fifty day moving average is $1.76 and its 200 day moving average is $1.88. Credit Suisse High Yield Bond Fund has a 1-year low of $1.72 and a 1-year high of $2.15.

Insider Activity

In other news, insider Charles Gerber acquired 16,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average price of $1.88 per share, with a total value of $30,080.00. Following the acquisition, the insider directly owned 16,000 shares in the company, valued at approximately $30,080. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 14.35% of the company’s stock.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. purchased a new position in Credit Suisse High Yield Bond Fund in the fourth quarter valued at about $40,000. WealthTrust Asset Management LLC purchased a new stake in shares of Credit Suisse High Yield Bond Fund during the 1st quarter worth about $41,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 4th quarter valued at about $51,000. Osaic Holdings Inc. grew its stake in shares of Credit Suisse High Yield Bond Fund by 227.2% in the 2nd quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 17,101 shares in the last quarter. Finally, Integrity Advisory Solutions LLC increased its holdings in Credit Suisse High Yield Bond Fund by 24.9% in the fourth quarter. Integrity Advisory Solutions LLC now owns 26,501 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 5,280 shares during the last quarter.

Credit Suisse High Yield Bond Fund Company Profile

The Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) is a closed-end management investment company that seeks to provide investors with high current income by primarily investing in below-investment-grade, U.S. dollar-denominated corporate debt securities. The fund offers exposure to a broad array of high-yield bonds issued by companies across various sectors, including industrials, communications, and financial services. It is structured to trade on the NYSE American exchange, enabling investors to gain intraday access to a diversified high-yield portfolio.

In managing its portfolio, the fund adheres to a disciplined credit research process that evaluates issuers’ fundamentals, cash flow profiles, and relative valuations.