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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Thursday, May 15th will be paid a dividend of 0.105 per share on Friday, May 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date is Thursday, May 15th.

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

PGIM High Yield Bond Fund Stock Up 0.3 %

Shares of NYSE ISD opened at $14.43 on Tuesday. PGIM High Yield Bond Fund has a 1-year low of $12.20 and a 1-year high of $14.49. The company has a 50-day moving average of $13.93 and a two-hundred day moving average of $13.90.

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).