PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ – Get Free Report)’s share price traded down 0.4% during trading on Friday. The company traded as low as $23.95 and last traded at $23.95. Approximately 24,396 shares traded hands during mid-day trading, an increase of 375% from the average session volume of 5,132 shares. The stock had previously closed at $24.04.
PhenixFIN Co. 5.25% Notes due 2028 Trading Down 0.4%
The company has a fifty day simple moving average of $24.00 and a 200-day simple moving average of $23.91.
PhenixFIN Co. 5.25% Notes due 2028 Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.3245 per share. This is a decrease from PhenixFIN Co. 5.25% Notes due 2028’s previous quarterly dividend of $0.3354. This represents a $1.30 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, October 15th.
About PhenixFIN Co. 5.25% Notes due 2028
PhenixFIN Corporation is a business development company (BDC) that provides financing to privately held, primarily middle-market businesses. The company focuses on investments in senior secured loans, subordinated debt, and other debt and equity securities, seeking to generate income and potential capital appreciation for its shareholders.
PhenixFIN generally works with companies that may have limited access to traditional bank financing. Its investment activities can include directly originated loans, investments in syndicated credit facilities, and equity or equity-linked securities.
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