Credit Suisse High Yield Bond Fund, Inc. (DHY) To Go Ex-Dividend on March 17th

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.0155 per share by the real estate investment trust on Monday, March 24th. This represents a $0.19 annualized dividend and a dividend yield of 8.69%. The ex-dividend date of this dividend is Monday, March 17th.

Credit Suisse High Yield Bond Fund has raised its dividend by an average of 2.7% per year over the last three years.

Credit Suisse High Yield Bond Fund Trading Up 1.4 %

Shares of DHY stock opened at $2.14 on Friday. Credit Suisse High Yield Bond Fund has a one year low of $1.96 and a one year high of $2.27. The stock’s 50-day moving average is $2.13.

Insider Buying and Selling

In other news, insider Laura A. Defelice purchased 56,801 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were bought at an average price of $2.13 per share, for a total transaction of $120,986.13. Following the completion of the purchase, the insider now owns 66,653 shares of the company’s stock, valued at $141,970.89. This trade represents a 576.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.35% of the stock is owned by company insiders.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It invests in the securities of companies across diversified sectors. The fund primarily invests in below-investment-grade corporate bonds with an average credit quality lower than BBB by Standard & Poor's and an average duration of 5.07 years.