PGIM Short Duration High Yield Opportunities Fund (SDHY) to Issue Monthly Dividend of $0.11 on March 31st

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Friday, February 27th. Shareholders of record on Thursday, March 12th will be given a dividend of 0.108 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Thursday, March 12th.

PGIM Short Duration High Yield Opportunities Fund Stock Up 0.0%

Shares of SDHY traded up $0.01 during trading hours on Tuesday, hitting $16.07. 9,677 shares of the stock were exchanged, compared to its average volume of 78,325. PGIM Short Duration High Yield Opportunities Fund has a 12-month low of $15.01 and a 12-month high of $17.18. The stock’s 50-day moving average price is $16.60 and its two-hundred day moving average price is $16.62.

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.