The New America High Income Fund, Inc. Declares Dividend

Rhea-AI Summary

The New America High Income Fund (NYSE: HYB) announced a dividend of $0.04 per share, payable on June 28, 2024, to shareholders of record as of June 14, 2024. The ex-dividend date is also June 14, 2024. The Fund, a diversified closed-end management investment company, is advised by T. Rowe Price Associates, which manages approximately $1.5 trillion in assets, including $20 billion in high-yield investments. Updated portfolio data is available on the Fund's website.

Positive

• Declared dividend of $0.04 per share payable on June 28, 2024.
• Dividend supports shareholder returns.
• Managed by T. Rowe Price Associates, a reputable adviser with $1.5 trillion in assets under management.
• Portfolio updates available for transparency.

Negative

• Dividend is relatively low, which may not attract high-yield investors.
• No new significant business developments or financial performance details disclosed.
• Leverage in capital structure can pose risks during market downturns.

News Market Reaction – HYB

+0.27%

+0.27% Session move

In the trading session that priced this news, HYB gained 0.27%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOSTON, June 03, 2024 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a dividend of $.04 per share on the company’s common stock on June 28, 2024 to common shareholders of record as of the close of business on June 14, 2024. The ex-dividend date will be June 14th.

The Fund has released updated portfolio data which can be found on the Fund’s website at www.newamerica-hyb.com.

The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure. The Fund’s investment adviser is T. Rowe Price Associates, Inc. (“T. Rowe Price”). As of March 31, 2024, T. Rowe Price and its affiliates managed approximately $1.5 trillion of assets, including approximately $20 billion of “high yield” investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

Contact:        
Ellen E. Terry, President
Telephone: 617-263-6400
www.newamerica-hyb.com

FAQ

When is the dividend payment date for HYB?

The dividend payment date for HYB is June 28, 2024.

What is the dividend amount declared by The New America High Income Fund?

The dividend amount declared is $0.04 per share.

Who is eligible for the HYB dividend?

Shareholders of record as of June 14, 2024, are eligible for the dividend.

What is the ex-dividend date for HYB?

The ex-dividend date for HYB is June 14, 2024.

Who manages The New America High Income Fund?

The New America High Income Fund is managed by T. Rowe Price Associates.

Where can I find the updated portfolio data for HYB?

Updated portfolio data for HYB can be found on the Fund's website, www.newamerica-hyb.com.