Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Declares Monthly Dividend of $0.15

Key Points

• Credit Suisse High Yield Bond Fund declared a monthly dividend of $0.155 per share, payable October 22 to shareholders of record on October 15. The annualized payout is $1.86 per share, representing an approximately 11.6% yield.
• DHY shares rose 0.3% to $16.10, while trading below both their 50-day and 200-day moving averages. The stock’s 52-week range is $15.00 to $21.20.
• Several institutional investors increased or initiated positions in the fund, including Integrated Wealth Concepts, Rareview Capital, and Integrated Advisors Network.

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be given a dividend of $0.1550 per share by the real estate investment trust on Thursday, October 22nd. This represents a $1.86 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Thursday, October 15th.

Credit Suisse High Yield Bond Fund Trading Up 0.3%

NYSEAMERICAN DHY traded up $0.05 during trading hours on Friday, hitting $16.10. 10,985 shares of the company's stock were exchanged, compared to its average volume of 75,388. The stock has a 50-day simple moving average of $16.98 and a 200 day simple moving average of $17.59. Credit Suisse High Yield Bond Fund has a 1-year low of $15.00 and a 1-year high of $21.20.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC lifted its position in shares of Credit Suisse High Yield Bond Fund by 533.1% during the second quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust's stock valued at $253,000 after purchasing an additional 119,546 shares in the last quarter. Rareview Capital LLC bought a new stake in Credit Suisse High Yield Bond Fund in the 2nd quarter worth about $1,861,000. WealthTrust Asset Management LLC bought a new stake in Credit Suisse High Yield Bond Fund in the 1st quarter worth about $41,000. Integrated Advisors Network LLC increased its stake in Credit Suisse High Yield Bond Fund by 129.4% in the 1st quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust's stock valued at $185,000 after buying an additional 54,926 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Credit Suisse High Yield Bond Fund by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust's stock worth $302,000 after buying an additional 8,837 shares in the last quarter.

Credit Suisse High Yield Bond Fund Company Profile

Credit Suisse High Yield Bond Fund is a closed-end investment fund listed on the NYSE American under the symbol DHY. The fund is designed to provide investors with exposure to the high-yield bond market, commonly known as the below-investment-grade or “junk” bond market.

The fund invests primarily in a diversified portfolio of high-yield corporate debt securities. These holdings may include bonds and other fixed-income instruments issued by companies across a range of industries, with the portfolio focused on generating a high level of current income.

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