Monday Is Your Last Chance To Buy PGIM High Yield Fund Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
PGIM High Yield Fund (NYSE:ISD) has announced a monthly dividend of 10.5 cents per share, with Monday being the last day for investors to buy shares and be eligible for the dividend. The stock will go ex-dividend on Tuesday, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on January 5, 2024.
December 21, 2023 | 2:45 pm
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PGIM High Yield Fund (ISD) will pay a monthly dividend of 10.5 cents per share, with the ex-dividend date set for Tuesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock is likely to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payout is factored into the stock price. This anticipated drop is typically short-term and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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