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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Monday, August 31st. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.108 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Thursday, September 10th.

PGIM Short Duration High Yield Opportunities Fund Stock Performance

NYSE SDHY opened at $16.00 on Tuesday. PGIM Short Duration High Yield Opportunities Fund has a 52 week low of $15.55 and a 52 week high of $17.18. The business has a 50 day moving average price of $16.12 and a 200-day moving average price of $16.13.

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.