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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a monthly dividend on Tuesday, September 3rd, Wall Street Journal reports. Stockholders of record on Thursday, October 10th will be given a dividend of 0.105 per share on Thursday, October 31st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date of this dividend is Thursday, October 10th.

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

PGIM High Yield Bond Fund Price Performance

Shares of NYSE ISD opened at $13.89 on Wednesday. The business’s 50-day simple moving average is $13.38 and its 200-day simple moving average is $12.96. PGIM High Yield Bond Fund has a 52 week low of $10.98 and a 52 week high of $13.91.

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).