PGIM High Yield Bond Fund, Inc to Issue Monthly Dividend of $0.11 (NYSE:ISD)

PGIM High Yield Bond Fund, Inc (NYSE:ISD) declared a monthly dividend on Wednesday, September 1st, Wall Street Journal reports. Shareholders of record on Friday, September 17th will be paid a dividend of 0.105 per share on Thursday, September 30th. This represents a $1.26 annualized dividend and a yield of 7.61%. The ex-dividend date is Thursday, September 16th.

Shares of ISD opened at $16.55 on Wednesday. The stock has a 50-day moving average price of $16.29 and a 200-day moving average price of $16.06. PGIM High Yield Bond Fund has a 12-month low of $13.41 and a 12-month high of $16.66.

A hedge fund recently raised its stake in PGIM High Yield Bond Fund stock. Morgan Stanley grew its holdings in shares of PGIM High Yield Bond Fund, Inc (NYSE:ISD) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 805,827 shares of the company’s stock after acquiring an additional 26,465 shares during the quarter. Morgan Stanley’s holdings in PGIM High Yield Bond Fund were worth $13,111,000 at the end of the most recent quarter.

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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Dividend History for PGIM High Yield Bond Fund (NYSE:ISD)

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