PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Stock Breaks Above 50 Day Moving Average – Here’s Why

Shares of PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $24.04 and traded as high as $24.75. PhenixFIN Co. 5.25% Notes due 2028 shares last traded at $24.41, with a volume of 1,237 shares trading hands.

PhenixFIN Co. 5.25% Notes due 2028 Price Performance

The business’s 50-day moving average price is $24.04 and its 200 day moving average price is $23.92.

PhenixFIN Co. 5.25% Notes due 2028 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th were issued a $0.3245 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Thursday, October 15th. This is a negative change from PhenixFIN Co. 5.25% Notes due 2028’s previous quarterly dividend of $0.3354.

PhenixFIN Co. 5.25% Notes due 2028 Company Profile

PhenixFIN Co 5.25% Notes due 2028 (NASDAQ: PFXNZ) are publicly traded debt securities issued by PhenixFIN Corporation, a business development company. The notes represent an investment in the issuer’s debt obligations and are scheduled to mature in 2028, subject to the terms of the offering.

PhenixFIN Corporation focuses on providing financing to privately held, middle-market companies. Its investment activities have generally included senior secured loans, subordinated debt and, in some cases, equity investments.