The New America High Income Fund, Inc. Declares Dividend
Rhea-AI Summary
The New America High Income Fund, Inc. (NYSE: HYB) announced a dividend of $.05 per share, set for October 29, 2021. Shareholders of record will be those holding shares by October 15, 2021, with an ex-dividend date on October 14, 2021.
The Fund offers updated portfolio data on its website. Managed by T. Rowe Price Associates, Inc., the Fund is a diversified, closed-end management investment company with a leveraged capital structure.
Positive
- Dividend of $.05 per share reflects income for shareholders.
- T. Rowe Price manages approximately $1.6 trillion of assets, indicating strong management.
Negative
- The Fund operates with a leveraged capital structure, which could raise financial risk.
News Market Reaction – HYB
In the trading session that priced this news, HYB declined 0.31%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BOSTON, Oct. 01, 2021 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a dividend of $.05 per share on the company’s common stock on October 29, 2021 to common shareholders of record as of the close of business on October 15, 2021. The ex-dividend date will be October 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 June 30, 2021, T. Rowe Price and its affiliates managed approximately
Contact:
Ellen E. Terry, President
Telephone: 617-263-6400
www.newamerica-hyb.com
