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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a monthly dividend on Friday, November 29th,investing.com reports. Investors of record on Thursday, December 26th will be paid a dividend of 0.105 per share on Thursday, January 9th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date of this dividend is Thursday, December 26th.

PGIM High Yield Bond Fund has raised its dividend by an average of 0.6% per year over the last three years.

PGIM High Yield Bond Fund Price Performance

Shares of PGIM High Yield Bond Fund stock opened at $13.79 on Tuesday. PGIM High Yield Bond Fund has a 12-month low of $12.20 and a 12-month high of $14.43. The company’s fifty day simple moving average is $13.90 and its two-hundred day simple moving average is $13.62.

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).