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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Friday, February 27th. Investors of record on Thursday, May 14th will be given a dividend of 0.108 per share on Sunday, May 31st. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Thursday, May 14th.

PGIM Short Duration High Yield Opportunities Fund Stock Performance

NYSE:SDHY opened at $16.04 on Tuesday. The stock’s 50 day moving average price is $16.08 and its 200 day moving average price is $16.36. PGIM Short Duration High Yield Opportunities Fund has a 52-week low of $15.55 and a 52-week 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.