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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) announced a dividend on Friday, June 6th, investing.com reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.105 per share on Monday, June 30th. This represents a dividend yield of 9.14%. The ex-dividend date of this dividend is Thursday, June 12th.

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

PGIM High Yield Bond Fund Trading Down 0.3%

Shares of NYSE ISD opened at $13.75 on Friday. PGIM High Yield Bond Fund has a 12-month low of $11.82 and a 12-month high of $14.49. The stock has a 50 day simple moving average of $13.46 and a 200-day simple moving average of $13.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in PGIM High Yield Bond Fund stock. Integrated Wealth Concepts LLC acquired a new position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,207 shares of the company’s stock, valued at approximately $217,000.

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).