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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a dividend on Tuesday, March 11th, investing.com reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.105 per share on Monday, March 31st. This represents a dividend 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% annually over the last three years.

PGIM High Yield Bond Fund Stock Up 0.8 %

NYSE ISD traded up $0.11 on Tuesday, reaching $14.11. 181,558 shares of the company’s stock traded hands, compared to its average volume of 121,301. The stock has a 50-day simple moving average of $13.97 and a 200 day simple moving average of $13.92. PGIM High Yield Bond Fund has a 12 month low of $12.20 and a 12 month high of $14.49.

About PGIM High Yield Bond Fund

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).