PGIM High Yield Bond Fund, Inc. to Issue Dividend of $0.11 (NYSE:ISD)

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a dividend on Friday, June 6th, investing.com reports. Investors of record on Friday, June 13th will be given a dividend of 0.105 per share on Monday, June 30th. This represents a yield of 9.14%. The ex-dividend date is Thursday, June 12th.

PGIM High Yield Bond Fund has increased its dividend payment by an average of 5.1% annually over the last three years.

PGIM High Yield Bond Fund Price Performance

Shares of NYSE ISD opened at $13.75 on Friday. PGIM High Yield Bond Fund has a twelve month low of $11.82 and a twelve month high of $14.49. The firm has a 50-day moving average of $13.46 and a two-hundred day moving average of $13.80.

Institutional Trading of PGIM High Yield Bond Fund

An institutional investor recently raised its position in PGIM High Yield Bond Fund stock. Royal Bank of Canada boosted its holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 210,373 shares of the company’s stock after buying an additional 8,976 shares during the quarter. Royal Bank of Canada’s holdings in PGIM High Yield Bond Fund were worth $2,997,000 as of its most recent SEC filing.

About PGIM High Yield Bond Fund

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).