Monday Is Your Last Chance To Buy PGIM High Yield Fund Before The Dividend Payout

Monday marks the last chance for investors to receive the next dividend payout from PGIM High Yield Fund (NYSE:ISD).

What's Happening

The company announced on Wednesday that it would pay shareholders a monthly dividend of 10.5 cents per share. On Tuesday, 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 10.5 cents 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, Tuesday. Shareholders who own ISD as of the end of Monday's session are eligible to receive the 10.5 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on January 06, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

To read more news on PGIM High Yield Fund click here

Click here to visit our Dividends Calendar.