The New America High Income Fund To Pay A Special Dividend Of $0.0475 Per Share On Common Stock
Portfolio Pulse from Benzinga Newsdesk
The New America High Income Fund (HYB) announced it will pay a special dividend of $0.0475 per share on common stock to shareholders of record as of December 29, 2023. The payment will be made on January 31, 2024, with an ex-dividend date of December 28th.
December 18, 2023 | 10:03 pm
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HYB will distribute a special dividend of $0.0475 per share, payable on January 31, 2024 to shareholders on record as of December 29, 2023.
Special dividends are typically viewed positively as they indicate a company's ability to distribute excess cash to shareholders. This can lead to a short-term increase in stock price as investors may buy shares to capture the dividend before the ex-dividend date.
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