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

Key Points

• Pearl Diver Credit Company Inc. announced a dividend of $0.22 per share to be distributed on October 31st to shareholders of record on October 17th, reflecting an impressive dividend yield of 1,610.0%.
• As of the latest trading session, PDCC shares rose by $0.10 to $16.40, with a trading volume of 690 shares.
• Equities analysts have set a price target of $19.50 for PDCC, with one firm upgrading the stock to a "strong-buy" rating.

Pearl Diver Credit Company Inc. (NYSE:PDCC - Get Free Report) announced a -- dividend on Wednesday, August 6th, Wall Street Journal reports. Shareholders 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 of this dividend is Friday, October 17th.

Pearl Diver Credit Stock Performance

Shares of PDCC traded up $0.10 during trading hours on Wednesday, hitting $16.40. The stock had a trading volume of 690 shares, compared to its average volume of 3,828. Pearl Diver Credit has a 12 month low of $15.44 and a 12 month high of $21.30. The stock has a fifty day moving average price of $17.48 and a 200 day moving average price of $18.56.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. 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 raised shares of Pearl Diver Credit to a "strong-buy" rating in a research note on Tuesday, July 1st.

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.

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