PhenixFIN Co. (NYSE:PFX) Declares Dividend Increase – $1.43 Per Share

PhenixFIN Co. (NYSE:PFX) announced a dividend on Sunday, February 9th,investing.com reports. Investors of record on Monday, February 17th will be given a dividend of 1.43 per share on Tuesday, February 18th. This represents a yield of 5.59%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from PhenixFIN’s previous dividend of $1.31.

PhenixFIN Price Performance

PhenixFIN stock opened at $48.66 on Tuesday. The company has a market cap of $98.28 million, a price-to-earnings ratio of 20.42 and a beta of 0.99. The firm’s fifty day moving average is $49.05 and its 200 day moving average is $47.95. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 0.85. PhenixFIN has a 52-week low of $42.50 and a 52-week high of $51.50.

Insider Activity

In other news, CEO David A. Lorber bought 12,871 shares of PhenixFIN stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of $48.05 per share, with a total value of $618,451.55. Following the completion of the purchase, the chief executive officer now owns 138,854 shares in the company, valued at $6,671,934.70. The trade was a 10.22 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 24.40% of the company’s stock.

About PhenixFIN

PhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.