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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) announced a monthly dividend on Friday, February 27th. Investors of record on Thursday, April 9th will be paid a dividend of 0.108 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, April 9th.

PGIM Short Duration High Yield Opportunities Fund Stock Performance

Shares of NYSE:SDHY opened at $15.90 on Tuesday. PGIM Short Duration High Yield Opportunities Fund has a 52 week low of $15.01 and a 52 week high of $17.18. The firm has a 50 day simple moving average of $16.34 and a 200 day simple moving average of $16.47.

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.