PGIM High Yield Bond Fund, Inc. (NYSE:ISD – Get Free Report) announced a monthly dividend on Friday, May 29th. Stockholders of record on Thursday, August 13th will be given a dividend of 0.105 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Thursday, August 13th.
PGIM High Yield Bond Fund Price Performance
Shares of NYSE:ISD opened at $12.59 on Tuesday. The company’s 50-day moving average is $12.75 and its 200 day moving average is $13.37. PGIM High Yield Bond Fund has a fifty-two week low of $12.31 and a fifty-two week high of $14.79.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. MSH Capital Advisors LLC bought a new stake in shares of PGIM High Yield Bond Fund in the 2nd quarter worth approximately $223,000. Mallini Complete Financial Planning LLC increased its position in PGIM High Yield Bond Fund by 4.2% in the second quarter. Mallini Complete Financial Planning LLC now owns 23,330 shares of the company’s stock worth $305,000 after buying an additional 938 shares during the last quarter. Readystate Asset Management LP bought a new stake in shares of PGIM High Yield Bond Fund in the first quarter valued at $227,000. Cetera Investment Advisers raised its stake in shares of PGIM High Yield Bond Fund by 3.1% in the first quarter. Cetera Investment Advisers now owns 171,475 shares of the company’s stock valued at $2,257,000 after buying an additional 5,089 shares during the period. Finally, SteelPeak Wealth LLC lifted its position in shares of PGIM High Yield Bond Fund by 7.5% during the 1st quarter. SteelPeak Wealth LLC now owns 794,786 shares of the company’s stock valued at $10,459,000 after buying an additional 55,132 shares during the last quarter.
About PGIM High Yield Bond Fund
PGIM High Yield Bond Fund (NYSE:ISD) is an exchange‐traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar‐denominated below‐investment‐grade corporate bonds. Through its open‐end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.
The fund’s investment approach emphasizes rigorous, bottom‐up credit research conducted by PGIM’s global fixed income team.
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