PGIM Short Duration High Yield Opportunities Fund Plans Monthly Dividend of $0.11 (NYSE:SDHY)

by · The Cerbat Gem

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY – Get Free Report) declared a monthly dividend on Monday, August 31st. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.108 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Thursday, October 15th.

PGIM Short Duration High Yield Opportunities Fund Price Performance

Shares of PGIM Short Duration High Yield Opportunities Fund stock opened at $16.00 on Tuesday. PGIM Short Duration High Yield Opportunities Fund has a twelve month low of $15.55 and a twelve month high of $17.18. The company’s fifty day moving average is $16.12 and its 200 day moving average is $16.13.

PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) is an open-end management investment company that seeks to deliver attractive current income while emphasizing preservation of capital and liquidity. The fund pursues its objectives by primarily investing in U.S. dollar-denominated, below-investment grade debt securities, including corporate high yield bonds, bank loans and other fixed-income obligations. By focusing on high yield instruments with relatively shorter maturities, the fund aims to mitigate interest rate sensitivity and credit volatility.

At least 80% of SDHY’s net assets are allocated to high yield securities with a weighted average portfolio duration generally capped at three years or less.

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