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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Friday, November 28th. Investors of record on Friday, December 26th will be paid a dividend of 0.108 per share on Thursday, January 8th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Friday, December 26th.

PGIM Short Duration High Yield Opportunities Fund Price Performance

PGIM Short Duration High Yield Opportunities Fund stock opened at $16.53 on Wednesday. PGIM Short Duration High Yield Opportunities Fund has a 1-year low of $15.01 and a 1-year high of $17.18. The company’s 50-day moving average is $16.43 and its 200 day moving average is $16.64.

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.