PGIM High Yield Bond Fund, Inc. (NYSE:ISD) to Issue $0.10 Monthly Dividend

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) declared a monthly dividend on Friday, May 29th. Stockholders of record on Thursday, July 9th will be paid a dividend of 0.105 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date is Thursday, July 9th.

PGIM High Yield Bond Fund Stock Up 0.2%

NYSE:ISD opened at $13.00 on Tuesday. The firm’s fifty day moving average is $13.01 and its 200-day moving average is $13.70. PGIM High Yield Bond Fund has a 52 week low of $12.53 and a 52 week high of $14.79.

Institutional Trading of PGIM High Yield Bond Fund

A number of institutional investors have recently bought and sold shares of the company. Readystate Asset Management LP acquired a new stake in PGIM High Yield Bond Fund during the 1st quarter worth about $227,000. Cetera Investment Advisers raised its position in shares of PGIM High Yield Bond Fund by 3.1% in the 1st quarter. Cetera Investment Advisers now owns 171,475 shares of the company’s stock worth $2,257,000 after acquiring an additional 5,089 shares in the last quarter. SteelPeak Wealth LLC lifted its stake in shares of PGIM High Yield Bond Fund by 7.5% in the 1st quarter. SteelPeak Wealth LLC now owns 794,786 shares of the company’s stock valued at $10,459,000 after purchasing an additional 55,132 shares during the period. Fifth Third Bancorp acquired a new position in shares of PGIM High Yield Bond Fund in the 1st quarter valued at about $26,000. Finally, Private Advisor Group LLC boosted its position in shares of PGIM High Yield Bond Fund by 1.1% during the 1st quarter. Private Advisor Group LLC now owns 150,223 shares of the company’s stock valued at $1,977,000 after purchasing an additional 1,596 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.