Credit Suisse High Yield Bond Fund Stock to Reverse Split on Wednesday, September 30th (NYSEAMERICAN:DHY)

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s stock is going to reverse split on the morning of Wednesday, September 30th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, September 29th.

Credit Suisse High Yield Bond Fund Price Performance

Shares of Credit Suisse High Yield Bond Fund stock opened at $1.62 on Friday. Credit Suisse High Yield Bond Fund has a fifty-two week low of $1.61 and a fifty-two week high of $2.12. The business has a 50-day moving average price of $1.71 and a 200 day moving average price of $1.77.

Credit Suisse High Yield Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were given a $0.0155 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.19 annualized dividend and a dividend yield of 11.5%.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. bought a new stake in Credit Suisse High Yield Bond Fund during the fourth quarter valued at $40,000. WealthTrust Asset Management LLC bought a new position in shares of Credit Suisse High Yield Bond Fund in the 1st quarter worth about $41,000. World Investment Advisors bought a new position in shares of Credit Suisse High Yield Bond Fund in the 4th quarter worth about $106,000. Integrated Advisors Network LLC lifted its position in shares of Credit Suisse High Yield Bond Fund by 129.4% in the 1st quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 54,926 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 533.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 119,546 shares during the period.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund is a closed-end investment fund listed on the NYSE American under the symbol DHY. The fund is designed to provide investors with exposure to the high-yield bond market, commonly known as the below-investment-grade or “junk” bond market.

The fund invests primarily in a diversified portfolio of high-yield corporate debt securities. These holdings may include bonds and other fixed-income instruments issued by companies across a range of industries, with the portfolio focused on generating a high level of current income.