Prudential Short Duration High Yield FD to Issue Monthly Dividend of $0.09 (ISD)

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 annualized dividend and a dividend yield of 7.19%. The ex-dividend date is Thursday, March 15th.

Prudential Short Duration High Yield FD has decreased its dividend by an average of 7.6% per year over the last three years.

Shares of NYSE ISD traded up $0.01 during mid-day trading on Thursday, hitting $14.18. 108,751 shares of the stock traded hands, compared to its average volume of 167,516. Prudential Short Duration High Yield FD has a 52 week low of $14.06 and a 52 week high of $15.73.

In related news, insider Brian Clapp bought 2,300 shares of the company’s stock in a transaction on Tuesday, March 27th. The shares were acquired at an average cost of $14.11 per share, with a total value of $32,453.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 3,823 shares of company stock worth $54,159 over the last three months.

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Prudential Short Duration High Yield FD Company Profile

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.

Dividend History for Prudential Short Duration High Yield FD (NYSE:ISD)

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