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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Thursday, May 15th will be given a dividend of 0.108 per share on Friday, May 30th. This represents a $1.30 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date is Thursday, May 15th.

PGIM Short Duration High Yield Opportunities Fund has decreased its dividend payment by an average of 2.0% annually over the last three years.

PGIM Short Duration High Yield Opportunities Fund Stock Down 0.1 %

PGIM Short Duration High Yield Opportunities Fund stock opened at $16.73 on Tuesday. PGIM Short Duration High Yield Opportunities Fund has a 1-year low of $14.91 and a 1-year high of $16.97. The company has a fifty day simple moving average of $16.45 and a 200 day simple moving average of $16.44.

Insider Activity

In other news, Portfolio Manager Robert Cignarella acquired 17,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was bought at an average price of $16.20 per share, with a total value of $275,400.00. Following the transaction, the portfolio manager now directly owns 35,000 shares in the company, valued at approximately $567,000. The trade was a 94.44 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.