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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Friday, May 29th. Investors of record on Thursday, August 13th will be paid a dividend of 0.108 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Thursday, August 13th.

PGIM Short Duration High Yield Opportunities Fund Stock Performance

SDHY stock opened at $16.29 on Tuesday. The business has a 50 day moving average price of $16.10 and a two-hundred day moving average price of $16.18. PGIM Short Duration High Yield Opportunities Fund has a twelve month low of $15.55 and a twelve month high of $17.18.

PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) is an open-end management investment company that seeks to deliver attractive current income while emphasizing preservation of capital and liquidity. The fund pursues its objectives by primarily investing in U.S. dollar-denominated, below-investment grade debt securities, including corporate high yield bonds, bank loans and other fixed-income obligations. By focusing on high yield instruments with relatively shorter maturities, the fund aims to mitigate interest rate sensitivity and credit volatility.

At least 80% of SDHY’s net assets are allocated to high yield securities with a weighted average portfolio duration generally capped at three years or less.