Credit Suisse High Yield Credit Fund
DHYFinancial Services · Stock · monthly payer
Forward Yield
10.69%
Annual Dividend
$0.19
Payout Ratio
186%
5-Yr Growth
-1.2%
Ex-Date
Jul 16, 2026
Frequency
Monthly
Summary
As of July 2026, Credit Suisse High Yield Credit Fund (DHY) yields 10.69% ($0.19 per share annually), with a blended fair-value estimate of $2.38 — +37% upside, so it screens as undervalued. Dividend safety grade: C (58/100).
Is DHY a good dividend stock?
Yes, with caveatsCredit Suisse High Yield Credit Fund (DHY) pays a monthly dividend yielding 10.69% ($0.19/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2021
- Elevated payout ratio (186%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 10.69%
- Payout Ratio
- 186%
- Annual Dividend
- $0.19
- 5-Yr Avg Growth
- -1.2%
- Ex-Dividend Date
- Jul 16, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.50
- Market Cap
- $244.5M
- P/E Ratio
- 17.7
- 5-Yr Total Return
- -30%
- 52-Week Range
- $0.01 – $2.14
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
DHY Price — Last 12 Months
Daily close
Price Return
1 Year
-17%
3 Years
-7%
5 Years
-30%
52-Week Range
$0.01 – $2.14
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DHY worth?
Undervaluedlow confidenceOur blended fair-value estimate for Credit Suisse High Yield Credit Fund is $2.38 per share, versus a market price of $1.74. That implies 37% of upside — a margin of safety of about 27%.
Fair Value
$2.38
Current Price
$1.74
Upside
+37%
Margin of Safety
27%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -1.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), -1.2% stage-1 growth, 2.5% terminal growth, $0.10 EPS, $0.19 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DHY Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 16, 2026 | — | $0.0160 | regular |
| Jun 15, 2026 | — | $0.0160 | regular |
| May 4, 2026 | — | $0.0160 | regular |
| Apr 16, 2026 | — | $0.0160 | regular |
| Mar 16, 2026 | — | $0.0160 | regular |
| Feb 17, 2026 | — | $0.0160 | regular |
| Jan 16, 2026 | — | $0.0160 | regular |
| Dec 15, 2025 | — | $0.0160 | regular |
| Nov 17, 2025 | — | $0.0160 | regular |
| Oct 15, 2025 | — | $0.0160 | regular |
| Sep 16, 2025 | — | $0.0160 | regular |
| Aug 15, 2025 | — | $0.0160 | regular |
| Jul 16, 2025 | — | $0.0160 | regular |
| Jun 16, 2025 | — | $0.0160 | regular |
Income Calculator
At $0.19 / yr per share
