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

Key Points

• Pearl Diver Credit Company Inc. has announced a quarterly dividend of $0.22 per share, with shareholders of record on August 15th set to receive the payment on August 29th, resulting in an annualized yield of 5.4%.
• Pearl Diver Credit's stock price has been trading at $16.30, reflecting a slight increase of 0.7%, and the company has seen a 12-month low of $15.44 and a high of $21.30.
• Analysts have recently set price targets for PDCC, with Industrial Alliance Securities targeting $19.50 and Alliance Global Partners upgrading the stock to a "strong-buy" rating.

Pearl Diver Credit Company Inc. (NYSE:PDCC - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, RTT News reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.22 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 5.4%.

Pearl Diver Credit Trading Up 0.7%

NYSE PDCC traded up $0.11 during trading on Tuesday, reaching $16.30. 1,075 shares of the company's stock traded hands, compared to its average volume of 3,850. The company's 50 day simple moving average is $17.50 and its two-hundred day simple moving average is $18.57. Pearl Diver Credit has a 12-month low of $15.44 and a 12-month high of $21.30.

Analysts Set New Price Targets

PDCC has been the topic of a number of recent analyst reports. Industrial Alliance Securities set a $19.50 price target on shares of Pearl Diver Credit in a report on Tuesday, July 1st. Alliance Global Partners upgraded shares of Pearl Diver Credit to a "strong-buy" rating 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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