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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) announced a monthly dividend on Friday, May 29th. Investors of record on Thursday, July 9th will be paid a dividend of 0.108 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Thursday, July 9th.

PGIM Short Duration High Yield Opportunities Fund Price Performance

SDHY stock opened at $16.29 on Tuesday. The stock’s fifty day simple moving average is $16.06 and its two-hundred day simple moving average is $16.26. PGIM Short Duration High Yield Opportunities Fund has a 1-year low of $15.55 and a 1-year high of $17.18.

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.