PGIM High Yield Bond Fund, Inc. (ISD) to Issue Monthly Dividend of $0.11 on February 29th

PGIM High Yield Bond Fund, Inc. (NYSE:ISDGet Free Report) announced a monthly dividend on Thursday, November 30th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be given a dividend of 0.105 per share on Thursday, February 29th. This represents a $1.26 annualized dividend and a yield of 9.87%. The ex-dividend date of this dividend is Thursday, February 15th.

PGIM High Yield Bond Fund Trading Up 0.4 %

PGIM High Yield Bond Fund stock opened at $12.76 on Tuesday. PGIM High Yield Bond Fund has a 1-year low of $10.98 and a 1-year high of $12.87. The firm has a 50 day simple moving average of $12.48 and a 200 day simple moving average of $12.08.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Cetera Advisors LLC grew its stake in PGIM High Yield Bond Fund by 2.4% in the 4th quarter. Cetera Advisors LLC now owns 60,894 shares of the company’s stock valued at $723,000 after buying an additional 1,407 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in PGIM High Yield Bond Fund by 32.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,617 shares of the company’s stock valued at $102,000 after purchasing an additional 2,088 shares during the period. Baird Financial Group Inc. boosted its holdings in PGIM High Yield Bond Fund by 1.0% in the 4th quarter. Baird Financial Group Inc. now owns 213,971 shares of the company’s stock valued at $2,540,000 after purchasing an additional 2,216 shares during the period. Envestnet Asset Management Inc. boosted its holdings in PGIM High Yield Bond Fund by 8.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 44,476 shares of the company’s stock valued at $513,000 after purchasing an additional 3,280 shares during the period. Finally, UBS Group AG boosted its holdings in PGIM High Yield Bond Fund by 1.9% in the 4th quarter. UBS Group AG now owns 180,501 shares of the company’s stock valued at $2,224,000 after purchasing an additional 3,347 shares during the period.

PGIM High Yield Bond Fund Company Profile

(Get Free Report)

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).

See Also

Dividend History for PGIM High Yield Bond Fund (NYSE:ISD)

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