SmarterDividends
HERZ

Herzfeld Credit Income Fund, Inc.

HERZ

Financial Services · Asset Management · Stock · monthly payer

$15.06

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Forward Yield

13.55%

Annual Dividend

$2.04

Payout Ratio

671%

5-Yr Growth

29.0%

Ex-Date

Oct 23, 2026

Frequency

Monthly

Key facts about HERZ's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Herzfeld Credit Income Fund, Inc. (HERZ) has a forward dividend yield of 13.55%, based on an annual dividend of $2.04 per share and a share price of $15.06.
  • As of Oct 18, 2026, HERZ's dividend safety grade from SmarterDividends is C (56 out of 100), which rates the dividend as borderline.
  • HERZ last cut its regular dividend in 2024.
  • HERZ's next ex-dividend date is Oct 23, 2026, with payment on Nov 6, 2026. Shares must be owned before that date to receive the dividend.
  • HERZ's dividend has grown at an average rate of 29.0% a year over the past five years.
  • As of Oct 18, 2026, HERZ's 13.55% yield is 48% below its five-year average yield of 26.10%.
  • Herzfeld Credit Income Fund, Inc. (HERZ) pays its dividend monthly, 12 times a year.
  • Herzfeld Credit Income Fund, Inc. (HERZ) has raised its regular dividend 7 times and cut it 8 times across the 47 payments on record since 1994. Its most recent change was a 97.5% cut to $0.170 per share, going ex-dividend on Apr 24, 2026.
Cite this page

SmarterDividends, "HERZ Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/HERZ

Summary

As of Oct 18, 2026, Herzfeld Credit Income Fund, Inc. (HERZ) yields 13.55% ($2.04 a year per share) and has a dividend safety grade of C (56/100).

Is HERZ a good dividend stock?

Mixed

Herzfeld Credit Income Fund, Inc. (HERZ) pays a monthly dividend yielding 13.55% ($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 (671%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
13.55%
Payout Ratio
671%
Annual Dividend
$2.04
5-Yr Avg Growth
29.0%
Ex-Dividend Date
Oct 23, 2026
Years of Growth
1
Frequency
monthly
Beta
0.77
Market Cap
$30.4M
P/E Ratio
—
5-Yr Total Return
-72%
52-Week Range
$13.71 – $28.30
Dividend Safety
C · 56/100
Ever Cut?
Yes (2024)

HERZ dividend raises and cuts

Herzfeld Credit Income Fund, Inc. (HERZ) has raised its regular dividend 7 times and cut it 8 times across the 47 payments on record since 1994. Its most recent change was a 97.5% cut to $0.170 per share, going ex-dividend on Apr 24, 2026.

Ex-dateChangeOld → newMove
Apr 24, 2026Cut$6.87 → $0.170−97.5%
Nov 21, 2025Raise$2.33 → $6.87+194.8%
Dec 31, 2024Raise$1.35 → $2.33+72.6%
Dec 28, 2023Cut$1.74 → $1.35−22.4%
Aug 19, 2022Cut$2.65 → $1.74−34.3%
Feb 17, 2022Raise$1.50 → $2.65+76.8%
Jun 18, 2020Cut$2.76 → $1.50−45.6%
Sep 19, 2019Raise$1.14 → $2.76+141.5%
Dec 6, 2017Cut$1.31 → $1.14−12.6%
Dec 5, 2016Cut$1.55 → $1.31−15.6%
Dec 29, 2015Cut$1.90 → $1.55−18.4%
Dec 14, 2012Raise$0.609 → $1.90+211.1%
Show all 15 changes since 2006
Ex-dateChangeOld → newMove
Dec 10, 2008Cut$12.38 → $2.04−83.5%
Dec 10, 2007Raise$9.67 → $12.38+28.0%
Dec 13, 2006Raise$1.69 → $9.67+471.4%
Every HERZ payment →Download every raise and cut (CSV)
HERZ ex-dividend date & scheduleNext ex-date Oct 23, 2026 · full ex-dividend historyView →HERZ dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is HERZ a good dividend stock?

Mixed. Herzfeld Credit Income Fund, Inc. (HERZ) pays a monthly dividend yielding 13.55% ($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.

Is HERZ's dividend safe?

HERZ has a dividend-safety grade of C (56/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

Is HERZ a buy, hold, or sell?

We don't issue formal ratings, but on the data HERZ screens as "mixed". Herzfeld Credit Income Fund, Inc. (HERZ) pays a monthly dividend yielding 13.55% ($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. This is research for your own analysis, not investment advice.

Will HERZ cut its dividend?

HERZ earns a dividend-safety grade of C (56/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does HERZ pay a dividend?

Yes. Herzfeld Credit Income Fund, Inc. pays a monthly dividend of about $2.04 per share annually, a forward yield of roughly 13.55%.

What is HERZ's dividend yield?

As of Oct 18, 2026, HERZ's forward dividend yield is 13.55%, based on a $2.04 annual dividend and a $15.06 share price.

What is HERZ's dividend per share?

As of Oct 18, 2026, HERZ pays $2.04 per share per year, distributed on a monthly basis.

What is HERZ's dividend payout ratio?

As of Oct 18, 2026, HERZ's payout ratio is 671% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has HERZ grown its dividend?

As of Oct 18, 2026, HERZ has increased its dividend for 1 consecutive years.

When is the next HERZ ex-dividend date?

As of Oct 18, 2026, the next ex-dividend date on record for HERZ is Oct 23, 2026.

Income Calculator

At $2.04 / yr per share

Per payment (monthly)$17.00
Annual$204.00
Monthly avg$17.00

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