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

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

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 Stock Down 0.2 %

ISD stock traded down $0.03 during midday trading on Monday, reaching $14.19. The company had a trading volume of 56,608 shares, compared to its average volume of 125,995. PGIM High Yield Bond Fund has a 1-year low of $12.10 and a 1-year high of $14.43. The stock has a 50 day moving average price of $13.93 and a 200-day moving average price of $13.52.

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).