The Swiss Helvetia Fund Inc. Declares Quarterly Dividend of $0.12 (NYSE:SWZ)

The Swiss Helvetia Fund Inc. (NYSE:SWZ) announced a quarterly dividend on Thursday, September 7th, Wall Street Journal reports. Investors of record on Wednesday, September 20th will be given a dividend of 0.1229 per share by the closed-end fund on Friday, September 29th. This represents a $0.49 annualized dividend and a yield of 6.10%. The ex-dividend date is Tuesday, September 19th.

The Swiss Helvetia Fund has raised its dividend by an average of 70.8% per year over the last three years.

The Swiss Helvetia Fund Stock Up 0.9 %

The Swiss Helvetia Fund stock opened at $8.06 on Monday. The firm’s fifty day moving average price is $8.23 and its 200 day moving average price is $8.13. The Swiss Helvetia Fund has a 12-month low of $6.56 and a 12-month high of $8.57.

Institutional Investors Weigh In On The Swiss Helvetia Fund

Several hedge funds and other institutional investors have recently modified their holdings of SWZ. JPMorgan Chase & Co. increased its position in shares of The Swiss Helvetia Fund by 84.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,766 shares of the closed-end fund’s stock worth $39,000 after purchasing an additional 2,185 shares during the last quarter. UBS Group AG increased its position in shares of The Swiss Helvetia Fund by 16.9% in the 2nd quarter. UBS Group AG now owns 36,426 shares of the closed-end fund’s stock worth $286,000 after purchasing an additional 5,254 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of The Swiss Helvetia Fund in the 4th quarter worth about $400,000. Morgan Stanley increased its position in shares of The Swiss Helvetia Fund by 49.8% in the 4th quarter. Morgan Stanley now owns 87,372 shares of the closed-end fund’s stock worth $661,000 after purchasing an additional 29,054 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of The Swiss Helvetia Fund by 13.6% in the 1st quarter. Bank of America Corp DE now owns 84,108 shares of the closed-end fund’s stock worth $775,000 after purchasing an additional 10,046 shares during the last quarter. Institutional investors own 30.73% of the company’s stock.

About The Swiss Helvetia Fund

The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.