PGIM High Yield Bond Fund Inc (NYSE:ISD) announced a monthly dividend on Friday, May 31st, Wall Street Journal reports. Investors of record on Friday, July 19th will be paid a dividend of 0.10 per share on Wednesday, July 31st. This represents a $1.20 annualized dividend and a yield of 8.14%. The ex-dividend date of this dividend is Thursday, July 18th.
PGIM High Yield Bond Fund has decreased its dividend payment by an average of 10.0% per year over the last three years.
Shares of ISD opened at $14.75 on Wednesday. The business has a 50-day moving average price of $14.46. PGIM High Yield Bond Fund has a fifty-two week low of $12.63 and a fifty-two week high of $14.90.
About PGIM High Yield Bond Fund
Prudential Short Duration High Yield Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody's Investors Service, Inc or BB+ or lower by Standard & Poor's Ratings Services).
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