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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) announced a monthly dividend on Monday, August 31st. Shareholders of record on Thursday, November 12th will be paid a dividend of 0.108 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Thursday, November 12th.

PGIM Short Duration High Yield Opportunities Fund Trading Up 0.2%

Shares of SDHY opened at $16.00 on Tuesday. The firm has a fifty day simple moving average of $16.12 and a two-hundred day simple moving average of $16.13. PGIM Short Duration High Yield Opportunities Fund has a 1-year low of $15.55 and a 1-year 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.