PGIM High Yield Fund: Dividend Insights

Sunday marks the last chance for investors to receive the next dividend payout from PGIM High Yield Fund.

What's Happening

PGIM announced on Tuesday that it would pay shareholders a monthly dividend of $0.105 per share. On Monday, PGIM High Yield Fund will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.105 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own ISD as of the end of Sunday's session are eligible to receive the $0.105 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on January 03, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

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