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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Friday, May 29th. Stockholders of record on Thursday, June 11th will be given a dividend of 0.108 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, June 11th.

PGIM Short Duration High Yield Opportunities Fund Trading Up 0.4%

SDHY opened at $16.04 on Tuesday. The business’s 50-day moving average price is $16.01 and its 200-day moving average price is $16.29. PGIM Short Duration High Yield Opportunities Fund has a 12 month low of $15.55 and a 12 month 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.