PGIM High Yield Bond Fund, Inc. Announces Monthly Dividend of $0.11 (NYSE:ISD)

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a monthly dividend on Friday, November 28th. Investors of record on Friday, December 26th will be paid a dividend of 0.105 per share on Thursday, January 8th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Friday, December 26th.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD stock opened at $14.57 on Wednesday. PGIM High Yield Bond Fund has a 12-month low of $11.82 and a 12-month high of $14.73. The firm’s 50 day moving average is $14.48 and its 200 day moving average is $14.36.

Insider Activity

In related news, Director Brian Reid sold 16,833 shares of PGIM High Yield Bond Fund stock in a transaction on Friday, November 7th. The stock was sold at an average price of $14.41, for a total value of $242,563.53. Following the completion of the sale, the director owned 3,064 shares of the company’s stock, valued at $44,152.24. The trade was a 84.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Strategic Advocates LLC purchased a new stake in shares of PGIM High Yield Bond Fund during the 3rd quarter valued at about $31,000. David J Yvars Group purchased a new position in shares of PGIM High Yield Bond Fund in the third quarter worth approximately $157,000. Intellus Advisors LLC boosted its holdings in shares of 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 worth $165,000 after buying an additional 734 shares during the last quarter. Beacon Pointe Advisors LLC grew its position in PGIM High Yield Bond Fund by 25.6% during the second quarter. Beacon Pointe Advisors LLC now owns 14,772 shares of the company’s stock valued at $209,000 after buying an additional 3,010 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of PGIM High Yield Bond Fund during the 1st quarter worth $217,000.

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.