Pearl Diver Credit Company Inc. (NYSE:PDCC) to Issue $0.22 -- Dividend

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 Stock Up 0.6%

PDCC opened at $16.40 on Thursday. Pearl Diver Credit has a fifty-two week low of $15.44 and a fifty-two week high of $21.30. The company has a fifty day moving average of $17.46 and a two-hundred day moving average of $18.54.

Analyst Ratings Changes

Several brokerages recently issued reports on PDCC. Alliance Global Partners upgraded shares of Pearl Diver Credit to a "strong-buy" rating in a report on Tuesday, July 1st. Industrial Alliance Securities set a $19.50 price objective on Pearl Diver Credit in a research note on Tuesday, July 1st.

About Pearl Diver Credit

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.

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