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

The New America High Income Fund Inc. (NYSE:HYB) announced a monthly dividend on Monday, April 1st, NASDAQ reports. Shareholders of record on Tuesday, April 16th will be paid a dividend of 0.04 per share by the investment management company on Tuesday, April 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date of this dividend is Monday, April 15th.

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

The New America High Income Fund Price Performance

Shares of HYB opened at $7.13 on Friday. The New America High Income Fund has a 1 year low of $6.23 and a 1 year high of $7.41. The stock has a 50 day simple moving average of $7.25 and a 200-day simple moving average of $6.96.

Hedge Funds Weigh In On The New America High Income Fund

Hedge funds have recently modified their holdings of the stock. Money Concepts Capital Corp acquired a new position in shares of The New America High Income Fund in the 4th quarter worth approximately $52,000. Envestnet Asset Management Inc. acquired a new stake in The New America High Income Fund during the 3rd quarter valued at $66,000. UBS Group AG increased its holdings in The New America High Income Fund by 16.0% during the 2nd quarter. UBS Group AG now owns 9,738 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 1,342 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in The New America High Income Fund during the 1st quarter valued at $113,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in The New America High Income Fund during the 4th quarter valued at $114,000.

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.