SWZ Stock Recent News

NEW YORK , June 7, 2024 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company (the "Fund"), announced today a quarterly distribution of $0.129 per share of the Fund's common stock pursuant to the Fund's managed distribution plan (the "Plan"). The distribution is subject to the following record, ex-dividend and payment dates: Record Date:    June 18, 2024 Ex-Dividend Date:    June 18, 2024 Payment Date:    June 28, 2024 Pursuant to the Plan, the Fund's Board of Directors has approved the quarterly distribution of a fixed amount of $0.129 per share of the Fund's common stock.

Swiss Helvetia Fund is trading at a 16% discount to NAV and could be a potential takeover target in the future. The ETF has concentrated holdings in strong businesses with high dividends, making it attractive for dividend investors. The overall dividend yield of the portfolio is nearly 6.65%, making it a great option for diversifying into foreign stocks.

For the first month in three, equity CEFs (+0.67% on a NAV basis) on average witnessed plus-side performance. While their fixed-income CEF cohorts (+0.56%) posted gains for the second consecutive month.

The Swiss Helvetia Fund is up YTD but continues to lag its benchmark. Distribution has been strong, but the % yield contribution from recurring income is down.