Herzfeld Credit Income Fund, Inc.
HERZFinancial Services · Stock · monthly payer
Forward Yield
12.29%
Annual Dividend
$2.04
Payout Ratio
1163%
5-Yr Growth
29.0%
Ex-Date
Aug 17, 2026
Frequency
Monthly
Summary
As of August 2026, Herzfeld Credit Income Fund, Inc. (HERZ) yields 12.29% ($2.04 per share annually), with a blended fair-value estimate of $31.04 — +91% upside, so it screens as undervalued. Dividend safety grade: C (56/100). 1 years of dividend growth.
Is HERZ a good dividend stock?
MixedHerzfeld Credit Income Fund, Inc. (HERZ) pays a monthly dividend yielding 12.29% ($2.04/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 29.0% 5-yr dividend growth
Risks
- Cut its dividend in 2024
- Elevated payout ratio (1163%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 12.29%
- Payout Ratio
- 1163%
- Annual Dividend
- $2.04
- 5-Yr Avg Growth
- 29.0%
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.74
- Market Cap
- $31.7M
- P/E Ratio
- 81.4
- 5-Yr Total Return
- -71%
- 52-Week Range
- $13.71 – $28.30
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
HERZ Price — Last 12 Months
Daily close
Price Return
1 Year
-33%
3 Years
-51%
5 Years
-71%
52-Week Range
$13.71 – $28.30
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HERZ worth?
Undervaluedlow confidenceOur blended fair-value estimate for Herzfeld Credit Income Fund, Inc. is $31.04 per share, versus a market price of $16.28. That implies 91% of upside — a margin of safety of about 48%.
Fair Value
$31.04
Current Price
$16.28
Upside
+91%
Margin of Safety
48%
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 9.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 9.2% stage-1 growth, 2.5% terminal growth, $0.20 EPS, $2.04 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HERZ 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 17, 2026 | — | $0.1700 | regular |
| Jun 16, 2026 | — | $0.1700 | regular |
| May 15, 2026 | — | $0.1700 | regular |
| Apr 24, 2026 | — | $0.1700 | regular |
| Dec 31, 2025 | — | $6.8700 | regular |
| Nov 21, 2025 | — | $6.8700 | regular |
| May 23, 2025 | — | $2.3300 | regular |
| Dec 31, 2024 | — | $2.3300 | regular |
| Jun 3, 2024 | — | $1.3500 | regular |
| Mar 26, 2024 | — | $1.3500 | regular |
| Dec 28, 2023 | — | $1.3500 | regular |
| May 19, 2023 | — | $1.7400 | regular |
| Feb 14, 2023 | — | $1.7400 | regular |
| Nov 17, 2022 | — | $1.7400 | regular |
Income Calculator
At $2.04 / yr per share
