PGIM High Yield Bond Fund Inc (NYSE:ISD) declared a monthly dividend on Friday, May 31st, Wall Street Journal reports. Investors of record on Friday, June 14th will be paid a dividend of 0.10 per share on Friday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date is Thursday, June 13th.
PGIM High Yield Bond Fund has decreased its dividend by an average of 10.0% per year over the last three years.
Shares of NYSE:ISD traded up $0.05 during trading on Wednesday, reaching $14.41. The company’s stock had a trading volume of 1,104 shares, compared to its average volume of 117,713. PGIM High Yield Bond Fund has a 12 month low of $12.63 and a 12 month high of $14.59.
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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