PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Shares Down 0.5% – Here’s What Happened

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ)’s stock price fell 0.5% on Friday . The stock traded as low as $23.90 and last traded at $23.8230. 725 shares were traded during trading, a decline of 64% from the average session volume of 2,035 shares. The stock had previously closed at $23.95.

PhenixFIN Co. 5.25% Notes due 2028 Trading Down 0.5%

The business’s 50-day simple moving average is $23.85 and its 200-day simple moving average is $23.71.

PhenixFIN Co. 5.25% Notes due 2028 Increases Dividend

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

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.