Cash Dividend On The Way From New America High Income Fund (HYB)

Looking at the universe of stocks we cover at Dividend Channel, on 8/13/14, New America High Income Fund ( HYB) will trade ex-dividend, for its monthly dividend of $0.065, payable on 8/29/14. As a percentage of HYB's recent stock price of $9.64, this dividend works out to approximately 0.67%, so look for shares of New America High Income Fund to trade 0.67% lower — all else being equal — when HYB shares open for trading on 8/13/14.

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Below is a dividend history chart for HYB, showing historical dividends prior to the most recent $0.065 declared by New America High Income Fund:

HYB+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HYB is likely to continue, and whether the current estimated yield of 8.09% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HYB shares, versus its 200 day moving average:

New America High Income Fund 200 Day Moving Average Chart

Looking at the chart above, HYB's low point in its 52 week range is $9.03 per share, with $10.16 as the 52 week high point — that compares with a last trade of $9.64.

In Monday trading, New America High Income Fund shares are currently up about 0.2% on the day.

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