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

by · The Markets Daily

PGIM High Yield Bond Fund, Inc. (NYSE:ISD – Get Free Report) declared a dividend on Tuesday, March 11th, investing.com reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.105 per share on Monday, March 31st. This represents a dividend yield of 8.93%. The ex-dividend date of this dividend is Thursday, March 13th.

PGIM High Yield Bond Fund has raised its dividend by an average of 5.1% annually over the last three years.

PGIM High Yield Bond Fund Price Performance

NYSE ISD traded up $0.11 during trading hours on Tuesday, hitting $14.11. The company’s stock had a trading volume of 181,558 shares, compared to its average volume of 121,301. PGIM High Yield Bond Fund has a 52 week low of $12.20 and a 52 week high of $14.49. The company’s 50-day simple moving average is $13.97 and its two-hundred day simple moving average is $13.92.

About PGIM High Yield Bond Fund

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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).

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