The New America High Income Fund Inc. Declares Monthly Dividend of $0.04 (NYSE:HYB)

The New America High Income Fund Inc. (NYSE:HYB) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Friday, August 16th will be given a dividend of 0.04 per share by the investment management company on Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 6.43%. The ex-dividend date is Friday, August 16th.

The New America High Income Fund has decreased its dividend payment by an average of 7.7% annually over the last three years.

The New America High Income Fund Stock Performance

The New America High Income Fund stock traded down $0.04 during midday trading on Friday, hitting $7.47. 23,203 shares of the stock were exchanged, compared to its average volume of 53,228. The New America High Income Fund has a 1 year low of $6.23 and a 1 year high of $7.57. The company has a 50 day moving average price of $7.35 and a two-hundred day moving average price of $7.25.

About The New America High Income Fund

The New America High Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by T. Rowe Price Associates, Inc The fund invests in the fixed income markets of the United States. It seeks to invest in the stocks of companies operating across the diversified sectors. The fund invests in high yield fixed-income securities i.e.