PGIM High Yield Bond Fund, Inc. (ISD) to Issue Dividend of $0.11 on June 30th

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a dividend on Friday, June 6th, investing.com reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.105 per share on Monday, June 30th. This represents a yield of 9.14%. The ex-dividend date is Thursday, June 12th.

PGIM High Yield Bond Fund has raised its dividend by an average of 5.1% per year over the last three years.

PGIM High Yield Bond Fund Stock Down 0.3%

NYSE ISD opened at $13.75 on Friday. The company has a fifty day moving average of $13.46 and a two-hundred day moving average of $13.80. PGIM High Yield Bond Fund has a 52 week low of $11.82 and a 52 week high of $14.49.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PGIM High Yield Bond Fund stock. Royal Bank of Canada boosted its position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,373 shares of the company’s stock after buying an additional 8,976 shares during the quarter. Royal Bank of Canada’s holdings in PGIM High Yield Bond Fund were worth $2,997,000 as of its most recent filing with the Securities & Exchange Commission.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services).