The Surging 8.8% Dividend Wall Street Can't Touch [Forbes]
PGIM High Yield Bond Fund, Inc. (ISD)
US:NYSE Investor Relations:
news.prudential.com/prudential/news/corporate-financial-results
Company Research
Source: Forbes
The Surging 8.8% Dividend Wall Street Can't Touch Getty Today I’m going to show you nothing less than a “dividend unicorn”: a closed-end fund (CEF) many Get this: because of the weirdness of the CEF market, this cash machine is still cheap today— Let’s dive in. I’m talking about the PGIM High Yield Bond Fund (ISD). First, though, if you’ve been reading my columns on Contrarian Outlook two weeks ago As if on cue, Prudential, the fund’s managers, announced less than a week later that ISD would hike its dividend—part of a recent trend that’s seen the fund raise its payout 24% this year alone! Heck, we’d be happy if ISD kept its 8.8% dividend where it is. But an 8.8% yielder with a payout growing this fast is unheard of. And those hikes will likely keep on coming, for one reason: the Federal Reserve. Management Reads the Fed Like a Book Let’s quickly go back a few years. In 2015, when the Federal Reserve started raising interest rates, ISD had a strategy specifically designed to profit fr
Show less
Read more
Impact Snapshot
Event Time:
ISD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ISD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ISD alerts
High impacting PGIM High Yield Bond Fund, Inc. news events
Weekly update
A roundup of the hottest topics
ISD
Sec Filings
- 10/15/24 - Form N-CEN
- 10/11/24 - Form SC
- 10/3/24 - Form N-CSR
- ISD's page on the SEC website