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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) announced a monthly dividend on Friday, May 29th. Investors of record on Thursday, August 13th will be given a dividend of 0.108 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, August 13th.

PGIM Short Duration High Yield Opportunities Fund Trading Up 0.2%

NYSE SDHY opened at $16.29 on Tuesday. PGIM Short Duration High Yield Opportunities Fund has a fifty-two week low of $15.55 and a fifty-two week high of $17.18. The stock has a 50 day simple moving average of $16.10 and a two-hundred day simple moving average of $16.18.

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.