The New America High Income Fund Inc. (HYB)
| Market Value | 195.18M |
| Revenue (ttm) | 19.85M |
| Net Income (ttm) | 19.69M |
| Shares Out | 23.37M |
| EPS (ttm) | 0.84 |
| PE Ratio | 9.85 |
| Forward PE | n/a |
| Dividend | $0.48 (5.78%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 13,982 |
| Open | 8.32 |
| Previous Close | 8.30 |
| Day's Range | 8.32 - 8.35 |
| 52-Week Range | 6.64 - 8.41 |
| Beta | 0.82 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About HYB
The New America High Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by T. Rowe Price Associates, Inc. The fund invests in the fixed income markets of the United States. It seeks to invest in the stocks of companies operating across the diversified sectors. The fund invests in high yield fixed-income securities i.e. junk bonds rated BB or lower by S&P or Ba or lower by Moody. It benchmarks the performance of its portfolio against the Credit Suisse High Yield Index and the Citigroup 10 Year Treasury Index. The Ne... [Read more]
News
The New America High Income Fund, Inc. Declares Distribution
BOSTON, Dec. 02, 2024 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a distribution of $.04 per share on the company's common stoc...
The New America High Income Fund, Inc. Results of 2024 Annual Meeting
BOSTON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that shareholders of the Fund have approved a proposal to reorganize the Fund ...
5 Closed-End Fund Buys In The Month Of September 2024
The broader market indexes continue to hit all-time highs, with broader participation continuing into September. Every month, I add to my positions in my closed-end fund portfolio to grow my cash flow...
The New America High Income Fund, Inc. Declares Dividend
BOSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a dividend of $.04 per share on the company's common stock on...
HYB: Saba Does It Again, Quasi-Eliminating The Discount For This CEF
This article discusses the recent events surrounding the New America High Income Fund, a closed-end fund that historically traded at a discount to its net asset value. Activist hedge fund Saba Capital...
The New America High Income Fund, Inc. Announces Proposed Reorganization and Agreement with Saba Capital
BOSTON, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that the Fund's Board of Directors has approved a proposal to reorganize the F...
Saba Capital Reaches Agreement With The New America High Income Fund
NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), today announced that it has entered into a standstill agreement with The New America...
HYB: Holding This High Yield CEF For The DRIP (Rating Downgrade)
The New America High Income Fund is a fixed income CEF. The fund's previously attractive discount to NAV has narrowed, and the instrument has a high cost of leverage due to rising rates. The CEF's con...
The Quality Closed-End Fund Report, March 2024
Quantitative screens narrow down attractive closed-end fund candidates for further investigation. "Quality" report focuses on funds with coverage exceeding 100% to potentially reduce the risk of distr...
HYB: Attractive Valuation And Providing Monthly Income
New America High Income Fund provides diversified high-yield bond exposure and is trading at an attractive discount. Although the fund's performance has been mostly flat since our last update, it has ...
The 8% Income Portfolio: 2023 Year-End Review
2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. ...
BANX And HYB: Delivering Income To Investors
ArrowMark Financial Corp and New America High Income Fund are two closed-end funds that generate significant net investment income and trade at attractive discounts to their net asset values. ArrowMar...
HYB: Buy The Wide 14% Discount
The New America High Income Fund is a fixed income closed-end fund focused on U.S. high yield. HYB follows a conservative strategy in managing leverage and collateral quality. It's willing to cut divi...
The New America High Income Fund, Inc. Declares Special Dividend
BOSTON, Dec. 18, 2023 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a special dividend of $.0475 per share on the company's commo...
HYB: Attractively Priced For High-Yield Exposure
New America High Income Fund is a high-yield bond fund trading at a deep discount, making it attractive for investors seeking high-yield exposure. HYB distribution coverage in their last report comes ...
HYB: An Attractive Discount On This High Yield Fund
New America High-Income (HYB) is a high-yield bond fund trading at a deep discount to its net asset value, offering an attractive 7.29% distribution yield. The fund's performance has been impacted by ...
HYB: Revisiting This High Yield CEF After The Dividend Cut
The New America High Income Fund is a U.S. high-yield closed-end fund that has been around for almost 40 years and has gone through various market cycles. The fund cut its dividend in 2023, leading to...
DFP And HYB: 2 Strong Funds Focused On Paying Sustainable Distributions
DFP and HYB cut their distributions recently; DFP had cut several times through 2022. This isn't always bad as they focus on the longer term and do not overdistribute more than what they earn from inc...
The 8% Income Portfolio: 2022 Year-End Review
Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-o...
The New America High Income Fund, Inc. Declares Dividends
BOSTON, Dec. 19, 2022 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE:HYB) announced today the following dividends to be paid on the Fund's common stock:
HYB: Fully Covered 8.53% Distribution Yield
HYB is a leveraged high yield bond fund. The fund's last report shows that the latest six months showed NII fully covered the payout.
CORRECTION -- The New America High Income Fund, Inc.
BOSTON, July 01, 2022 (GLOBE NEWSWIRE) -- In a release issued on Thursday, June 30th by The New America High Income Fund, Inc. (NYSE: HYB), please note that in the first paragraph of the release, the ...
HYB: High Yield Panic Mode Is A Buy Signal
HYB is a high yield focused CEF with low leverage (sub 30%). The fund is getting pummeled as the market sells off with all participants in risk-off mode.