Prudential Short Duration High Yield FD (ISD) Declares $0.09 Monthly Dividend

Prudential Short Duration High Yield FD (NYSE:ISD) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, February 16th will be given a dividend of 0.0925 per share on Wednesday, February 28th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date of this dividend is Thursday, February 15th.

Prudential Short Duration High Yield FD has decreased its dividend by an average of 4.3% annually over the last three years.

Shares of Prudential Short Duration High Yield FD (ISD) opened at $14.79 on Monday. Prudential Short Duration High Yield FD has a 1-year low of $14.69 and a 1-year high of $16.02.

In other news, Director Barry H. Evans purchased 14,996 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were acquired at an average price of $15.10 per share, for a total transaction of $226,439.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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Prudential Short Duration High Yield FD Company Profile

Prudential Short Duration High Yield Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income by investing primarily in higher-rated, below-investment-grade fixed income instruments. The Fund seeks to maintain a weighted average portfolio duration of approximately three years or less and a weighted average maturity of over five years or less.

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