PGIM High Yield Bond Fund, Inc. (ISD) To Go Ex-Dividend on March 12th

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a monthly dividend on Friday, February 27th. Investors of record on Thursday, March 12th will be paid a dividend of 0.105 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Thursday, March 12th.

PGIM High Yield Bond Fund Stock Up 0.1%

PGIM High Yield Bond Fund stock traded up $0.02 during trading on Tuesday, reaching $14.00. 5,010 shares of the company’s stock were exchanged, compared to its average volume of 79,678. The company’s 50-day moving average is $14.55 and its two-hundred day moving average is $14.51. PGIM High Yield Bond Fund has a 52-week low of $11.82 and a 52-week high of $14.79.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC increased its stake in PGIM High Yield Bond Fund by 21.1% during the fourth quarter. IHT Wealth Management LLC now owns 19,673 shares of the company’s stock valued at $285,000 after acquiring an additional 3,428 shares during the period. Evolve Private Wealth LLC acquired a new position in PGIM High Yield Bond Fund during the 4th quarter valued at about $186,000. Guggenheim Capital LLC grew its stake in shares of PGIM High Yield Bond Fund by 2.7% during the fourth quarter. Guggenheim Capital LLC now owns 669,557 shares of the company’s stock worth $9,688,000 after purchasing an additional 17,396 shares during the period. Osaic Holdings Inc. raised its holdings in PGIM High Yield Bond Fund by 4.7% in the fourth quarter. Osaic Holdings Inc. now owns 89,507 shares of the company’s stock worth $1,295,000 after purchasing an additional 4,057 shares during the period. Finally, Stifel Financial Corp increased its holdings in PGIM High Yield Bond Fund by 7.1% during the 4th quarter. Stifel Financial Corp now owns 55,478 shares of the company’s stock worth $803,000 after purchasing an additional 3,686 shares in the last quarter.

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.