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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) announced a monthly dividend on Friday, November 28th. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.108 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Thursday, February 12th.

PGIM Short Duration High Yield Opportunities Fund Stock Up 0.3%

SDHY opened at $16.79 on Tuesday. The firm’s 50-day simple moving average is $16.53 and its 200-day simple moving average is $16.64. PGIM Short Duration High Yield Opportunities Fund has a twelve month low of $15.01 and a twelve month 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.