PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Shares Down 0.1% – Time to Sell?

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ)’s stock price was down 0.1% during trading on Wednesday . The stock traded as low as $23.83 and last traded at $23.83. Approximately 609 shares changed hands during trading, a decline of 92% from the average daily volume of 7,316 shares. The stock had previously closed at $23.85.

PhenixFIN Co. 5.25% Notes due 2028 Trading Down 0.1%

The firm’s 50-day moving average price is $23.81 and its 200 day moving average price is $23.74.

PhenixFIN Co. 5.25% Notes due 2028 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.3354 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This is a boost from PhenixFIN Co. 5.25% Notes due 2028’s previous quarterly dividend of $0.33. This represents a $1.34 annualized dividend and a dividend yield of 5.6%.

About PhenixFIN Co. 5.25% Notes due 2028

The PhenixFIN Co 5.25% Notes due 2028 (NASDAQ: PFXNZ) are senior unsecured debt securities issued by PhenixFIN Co, an indirect wholly-owned subsidiary of PhenixFIN Corporation. These fixed-rate notes pay interest semi-annually at a rate of 5.25% and mature on September 6, 2028. They trade on the NASDAQ Capital Market under the ticker PFXNZ, offering investors exposure to the growth of a specialist finance company through a publicly listed bond.

PhenixFIN Corporation is a fintech-driven specialty finance platform that provides receivables financing solutions to small and medium-sized enterprises in the United States.