Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) declared a monthly dividend on Tuesday, March 6th, Wall Street Journal reports. Stockholders of record on Friday, March 16th will be given a dividend of 0.02 per share by the real estate investment trust on Thursday, March 22nd. This represents a $0.24 annualized dividend and a dividend yield of 9.06%. The ex-dividend date is Thursday, March 15th.
DHY stock traded down $0.04 on Wednesday, hitting $2.65. The stock had a trading volume of 412,338 shares, compared to its average volume of 283,170. Credit Suisse High Yield Bond Fund has a 1-year low of $2.64 and a 1-year high of $2.91. The stock has a market capitalization of $274.89, a price-to-earnings ratio of 6.02 and a beta of 0.83.
In related news, insider Americas Holding Corp. Csam bought 22,746 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The stock was purchased at an average cost of $2.67 per share, for a total transaction of $60,731.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders purchased 56,842 shares of company stock valued at $151,931.
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Credit Suisse High Yield Bond Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income. The Fund will also seek capital appreciation as a secondary objective. The Fund invests in various sectors, such as advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, diversified capital goods, electronics, energy-exploration and production, food-wholesale, forestry and paper, gaming, gas distribution, real estate investment trusts, software-services, specialty retail, steel producers/products, support-services, theaters and entertainment, transport infrastructure/services, aerospace and defense, machinery, collateralized debt obligations and health facilities.
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