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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Thursday, May 15th will be given a dividend of 0.108 per share on Friday, May 30th. This represents a $1.30 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend is Thursday, May 15th.

PGIM Short Duration High Yield Opportunities Fund has decreased its dividend payment by an average of 2.0% annually over the last three years.

PGIM Short Duration High Yield Opportunities Fund Trading Down 0.2 %

SDHY traded down $0.03 on Wednesday, hitting $16.69. 3,566 shares of the company’s stock were exchanged, compared to its average volume of 64,159. PGIM Short Duration High Yield Opportunities Fund has a fifty-two week low of $14.91 and a fifty-two week high of $16.97. The firm has a 50-day moving average price of $16.47 and a 200-day moving average price of $16.45.

Insider Activity at PGIM Short Duration High Yield Opportunities Fund

In related news, Portfolio Manager Robert Cignarella acquired 17,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of $16.20 per share, with a total value of $275,400.00. Following the completion of the purchase, the portfolio manager now owns 35,000 shares of the company’s stock, valued at approximately $567,000. This represents a 94.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.