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Pearl Diver Credit (NYSE:PDCC) Trading Up 0.2% - What's Next?

Pearl Diver Credit logo with Finance background

Key Points

  • Pearl Diver Credit's share price increased by 0.2%, trading at $16.19 after reaching a high of $16.57, with trading volume significantly up by 112% compared to its average.
  • Wall Street analysts have positive outlooks for Pearl Diver Credit, with Industrial Alliance Securities setting a target price of $19.50 and Alliance Global Partners upgrading the stock to a "strong-buy" rating.
  • The company announced a dividend of $0.22 per share, which yields an impressive 1,610.0%, with the payout scheduled for October 31st to shareholders of record on October 17th.
  • Five stocks we like better than Pearl Diver Credit.

Pearl Diver Credit Company Inc. (NYSE:PDCC - Get Free Report) was up 0.2% during trading on Friday . The company traded as high as $16.57 and last traded at $16.19. Approximately 6,485 shares traded hands during trading, an increase of 112% from the average daily volume of 3,055 shares. The stock had previously closed at $16.15.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PDCC shares. 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 report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Pearl Diver Credit currently has an average rating of "Strong Buy" and an average price target of $19.50.

View Our Latest Stock Report on Pearl Diver Credit

Pearl Diver Credit Price Performance

The business's fifty day moving average is $17.19 and its 200-day moving average is $18.24.

Pearl Diver Credit Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.22 per share. This represents a yield of 1,610.0%. The ex-dividend date is Friday, October 17th.

About Pearl Diver Credit

(Get Free Report)

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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