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

PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) announced a dividend on Thursday, March 13th, investing.com reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.108 per share on Monday, March 31st. This represents a dividend yield of 7.96%. The ex-dividend date is Thursday, March 13th.

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 Performance

Shares of SDHY stock traded down $0.10 during mid-day trading on Thursday, hitting $16.30. 58,511 shares of the stock were exchanged, compared to its average volume of 66,015. PGIM Short Duration High Yield Opportunities Fund has a 12-month low of $14.91 and a 12-month high of $16.97. The stock’s fifty day simple moving average is $16.50 and its two-hundred day simple moving average is $16.47.

Insider Buying and Selling

In related news, Portfolio Manager Robert Cignarella purchased 17,000 shares of PGIM Short Duration High Yield Opportunities Fund stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost of $16.20 per share, for a total transaction of $275,400.00. Following the transaction, the portfolio manager now owns 35,000 shares in the company, valued at approximately $567,000. The trade was a 94.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.