PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Declares $0.11 Dividend

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) announced a dividend on Tuesday, March 11th, investing.com reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.105 per share on Monday, March 31st. This represents a yield of 8.93%. The ex-dividend date is Thursday, March 13th.

PGIM High Yield Bond Fund has increased its dividend payment by an average of 5.1% per year over the last three years.

PGIM High Yield Bond Fund Price Performance

ISD traded up $0.11 on Tuesday, reaching $14.11. The stock had a trading volume of 181,558 shares, compared to its average volume of 121,301. The firm has a 50-day moving average of $13.97 and a 200-day moving average of $13.92. PGIM High Yield Bond Fund has a fifty-two week low of $12.20 and a fifty-two week high of $14.49.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond 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).