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, November 28th. Stockholders of record on Thursday, February 12th will be given a dividend of 0.108 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, February 12th.

PGIM Short Duration High Yield Opportunities Fund Stock Up 0.3%

Shares of SDHY opened at $16.79 on Tuesday. The company has a 50-day simple moving average of $16.53 and a 200-day simple moving average of $16.64. PGIM Short Duration High Yield Opportunities Fund has a 52 week low of $15.01 and a 52 week 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.