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

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a monthly dividend on Tuesday, March 5th, Wall Street Journal reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.105 per share on Friday, May 31st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 9.89%. The ex-dividend date of this dividend is Thursday, May 9th.

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

PGIM High Yield Bond Fund Stock Performance

Shares of ISD opened at $12.74 on Wednesday. The company has a 50 day moving average of $12.75 and a two-hundred day moving average of $12.41. PGIM High Yield Bond Fund has a twelve month low of $10.98 and a twelve month high of $13.16.

PGIM High Yield Bond Fund Company Profile

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).