The New America High Income Fund, Inc. Declares Dividend
Rhea-AI Summary
The New America High Income Fund, Inc. (NYSE: HYB) declared a dividend of $.05 per share on its common stock, scheduled for payment on November 30, 2022. Common shareholders of record as of the close of business on November 16, 2022 will be eligible. The ex-dividend date is set for November 15. The Fund is managed by T. Rowe Price Associates, Inc., which oversees around $1.2 trillion in assets, including $18 billion in high-yield investments.
Positive
- Dividend of $.05 per share will benefit shareholders.
- Managed by T. Rowe Price, indicating a strong investment advisory backing.
Negative
- None.
News Market Reaction – HYB
In the trading session that priced this news, HYB declined 2.92%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BOSTON, Nov. 01, 2022 (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 November 30, 2022 to common shareholders of record as of the close of business on November 16, 2022. The ex-dividend date will be November 15th.
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 September 30, 2022, T. Rowe Price and its affiliates managed approximately
Contact:
Ellen E. Terry, President
Telephone: 617-263-6400
www.newamerica-hyb.com
