Insider Buying: Prudential Short Duration High Yield FD (ISD) Insider Purchases $21,375.00 in Stock
Prudential Short Duration High Yield FD (NYSE:ISD) insider Daniel T. Thorogood bought 1,500 shares of the firm’s stock in a transaction dated Friday, March 16th. The stock was purchased at an average cost of $14.25 per share, for a total transaction of $21,375.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Prudential Short Duration High Yield FD (NYSE ISD) traded up $0.05 during mid-day trading on Friday, hitting $14.15. The company had a trading volume of 17,615 shares, compared to its average volume of 179,551. Prudential Short Duration High Yield FD has a fifty-two week low of $14.09 and a fifty-two week high of $15.73.
The business also recently declared a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be paid a $0.085 dividend. This represents a $1.02 annualized dividend and a dividend yield of 7.21%. The ex-dividend date is Thursday, April 12th.
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About Prudential Short Duration High Yield FD
Prudential Short Duration High Yield Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income by investing primarily in higher-rated, below-investment-grade fixed income instruments. The Fund seeks to maintain a weighted average portfolio duration of approximately three years or less and a weighted average maturity of over five years or less.
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