Pearl Diver Credit (NYSE:PDCC) Trading Down 0.6% - Here's Why

Shares of Pearl Diver Credit Company Inc. (NYSE:PDCC - Get Free Report) dropped 0.6% during mid-day trading on Friday . The company traded as low as $17.20 and last traded at $17.30. Approximately 7,099 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 3,884 shares. The stock had previously closed at $17.40.

Pearl Diver Credit Trading Up 3.2%

The business has a fifty day simple moving average of $17.95 and a 200 day simple moving average of $19.38.

Pearl Diver Credit (NYSE:PDCC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter. The company had revenue of $6.02 million during the quarter.

Pearl Diver Credit Announces Dividend

The company also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 14.51%.

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.