PGIM High Yield Bond Fund, Inc. (ISD) to Issue Monthly Dividend of $0.11 on March 31st

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a monthly dividend on Friday, February 27th. Investors of record on Thursday, March 12th will be paid a dividend of 0.105 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Thursday, March 12th.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD traded up $0.04 on Tuesday, reaching $14.02. 3,830 shares of the company’s stock traded hands, compared to its average volume of 79,678. PGIM High Yield Bond Fund has a 52-week low of $11.82 and a 52-week high of $14.79. The stock’s 50 day simple moving average is $14.55 and its two-hundred day simple moving average is $14.51.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund (NYSE:ISD) is an exchange‐traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar‐denominated below‐investment‐grade corporate bonds. Through its open‐end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.

The fund’s investment approach emphasizes rigorous, bottom‐up credit research conducted by PGIM’s global fixed income team.