Prudential Short Duration High Yield FD (NYSE:ISD) announced a monthly dividend on Thursday, March 1st, Wall Street Journal reports. Investors of record on Friday, March 16th will be given a dividend of 0.085 per share on Thursday, March 29th. This represents a $1.02 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date is Thursday, March 15th.
Prudential Short Duration High Yield FD has decreased its dividend by an average of 7.6% annually over the last three years.
Shares of Prudential Short Duration High Yield FD (NYSE ISD) opened at $14.33 on Wednesday. Prudential Short Duration High Yield FD has a 12 month low of $14.22 and a 12 month high of $15.73.
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Prudential Short Duration High Yield Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income by investing primarily in higher-rated, below-investment-grade fixed income instruments. The Fund seeks to maintain a weighted average portfolio duration of approximately three years or less and a weighted average maturity of over five years or less.
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