PGIM High Yield Bond Fund, Inc. (NYSE:ISD – Get Free Report) announced a monthly dividend on Friday, November 28th. Investors of record on Thursday, February 12th will be given a dividend of 0.105 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Thursday, February 12th.
PGIM High Yield Bond Fund Stock Down 0.3%
ISD stock opened at $14.63 on Tuesday. The business has a 50 day moving average of $14.54 and a 200 day moving average of $14.49. PGIM High Yield Bond Fund has a twelve month low of $11.82 and a twelve month high of $14.73.
Institutional Trading of PGIM High Yield Bond Fund
Institutional investors have recently bought and sold shares of the company. Strategic Advocates LLC purchased a new stake in PGIM High Yield Bond Fund during the 3rd quarter valued at $31,000. Allworth Financial LP bought a new stake in shares of PGIM High Yield Bond Fund in the fourth quarter worth $68,000. David J Yvars Group purchased a new stake in PGIM High Yield Bond Fund during the third quarter valued at $157,000. Intellus Advisors LLC lifted its holdings in PGIM High Yield Bond Fund by 6.7% in the second quarter. Intellus Advisors LLC now owns 11,642 shares of the company’s stock valued at $165,000 after acquiring an additional 734 shares during the period. Finally, Beacon Pointe Advisors LLC boosted its position in PGIM High Yield Bond Fund by 25.6% in the second quarter. Beacon Pointe Advisors LLC now owns 14,772 shares of the company’s stock worth $209,000 after purchasing an additional 3,010 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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