Pearl Diver Credit Company Inc. Announces -- Dividend of $0.22 (NYSE:PDCC)

Key Points

• Pearl Diver Credit Company Inc. announced a dividend of $0.22 per share, with a record date of October 17th and an ex-dividend date also on October 17th, leading to a remarkable dividend yield of 1,610.0%.
• The stock price for Pearl Diver opened at $16.40, reflecting a slight increase of 0.6%, while the 52-week trading range has been between $15.44 and $21.30.
• Analyst ratings have shown positive movement, with Alliance Global Partners upgrading the company to a "strong-buy" and setting a price objective of $19.50.

Pearl Diver Credit Company Inc. (NYSE:PDCC - Get Free Report) announced a -- dividend on Thursday, August 7th, Wall Street Journal reports. Investors of record on Friday, October 17th will be given a dividend of 0.22 per share on Friday, October 31st. This represents a dividend yield of 1,610.0%. The ex-dividend date is Friday, October 17th.

Pearl Diver Credit Price Performance

Shares of Pearl Diver Credit stock traded down $0.01 on Monday, hitting $16.40. The company's stock had a trading volume of 1,304 shares, compared to its average volume of 3,786. The firm has a fifty day moving average price of $17.42 and a 200-day moving average price of $18.46. Pearl Diver Credit has a 52-week low of $15.44 and a 52-week high of $21.30.

Pearl Diver Credit Company Profile

Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.