PhenixFIN Co. (NYSE:PFX) Increases Dividend to $1.43 Per Share

PhenixFIN Co. (NYSE:PFX - Get Free Report) announced a dividend on Friday, February 7th,investing.com reports. Stockholders of record on Monday, February 17th will be paid a dividend of 1.43 per share on Tuesday, February 18th. This represents a dividend yield of 5.59%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from PhenixFIN's previous dividend of $1.31.

PhenixFIN Stock Performance

NYSE:PFX traded up $1.08 during trading hours on Wednesday, hitting $49.45. 3,081 shares of the company were exchanged, compared to its average volume of 1,959. The company has a debt-to-equity ratio of 0.85, a current ratio of 11.35 and a quick ratio of 11.35. PhenixFIN has a 52-week low of $42.50 and a 52-week high of $51.50. The stock has a market capitalization of $99.88 million, a price-to-earnings ratio of 5.42 and a beta of 0.99. The company's 50 day moving average price is $49.10 and its 200-day moving average price is $47.97.

Insider Buying and Selling at PhenixFIN

In other news, CEO David A. Lorber bought 12,871 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average price of $48.05 per share, with a total value of $618,451.55. Following the completion of the acquisition, the chief executive officer now directly owns 138,854 shares of the company's stock, valued at $6,671,934.70. This trade represents a 10.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 24.40% of the company's stock.

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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.