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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a monthly dividend on Friday, February 27th. Stockholders of record on Thursday, April 9th will be given a dividend of 0.105 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Thursday, April 9th.

PGIM High Yield Bond Fund Trading Down 0.4%

PGIM High Yield Bond Fund stock opened at $13.06 on Tuesday. The firm has a 50 day simple moving average of $14.02 and a 200-day simple moving average of $14.31. PGIM High Yield Bond Fund has a 12-month low of $11.82 and a 12-month high of $14.79.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund (NYSE:ISD) is an exchange‐traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar‐denominated below‐investment‐grade corporate bonds. Through its open‐end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.

The fund’s investment approach emphasizes rigorous, bottom‐up credit research conducted by PGIM’s global fixed income team.