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

The New America High Income Fund Inc. (NYSE:HYB) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Wednesday, July 17th will be paid a dividend of 0.04 per share by the investment management company on Wednesday, July 31st. This represents a $0.48 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend is Wednesday, July 17th.

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

The New America High Income Fund Stock Performance

Shares of The New America High Income Fund stock traded up $0.04 during trading on Wednesday, hitting $7.37. The company’s stock had a trading volume of 17,854 shares, compared to its average volume of 43,976. The New America High Income Fund has a 52 week low of $6.23 and a 52 week high of $7.41. The stock has a 50-day moving average price of $7.22 and a two-hundred day moving average price of $7.20.

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.