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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) announced a dividend on Monday, December 9th,investing.com reports. Investors of record on Friday, December 13th will be given a dividend of 0.105 per share on Tuesday, December 31st. This represents a yield of 8.88%. The ex-dividend date of this dividend is Thursday, December 12th.

PGIM High Yield Bond Fund has raised its dividend by an average of 0.6% per year over the last three years.

PGIM High Yield Bond Fund Stock Performance

Shares of NYSE ISD traded down $0.03 during mid-day trading on Monday, reaching $14.19. 56,608 shares of the company were exchanged, compared to its average volume of 125,995. The company’s 50-day simple moving average is $13.93 and its 200-day simple moving average is $13.52. PGIM High Yield Bond Fund has a twelve month low of $12.10 and a twelve month high of $14.43.

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).