PGIM High Yield Bond Fund, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Stuart S. Parker
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 655 Broad Street Newark NJ United States of America 07102
- IPO Date
- Apr 26, 2012
- CIK
- 0001534880
- Website
- pgim.com
- Similar Companies
- Business
- PGIM High Yield Bond Fund, Inc. PGIM High Yield Bond Fund, Inc. (NYSE: ISD) is a diversified, closed-end management investment company that seeks a high level of current income, with a primary objective to invest at least 80% of its investable assets in below-investment-grade fixed-income instruments rated Ba1 or lower by Moody's or BB+ or lower by S&P, including high yield bonds, derivative securities, foreign securities, and emerging market securities across varying maturities; the portfolio emphasizes sectors such as telecom, health care, building materials, gaming, cable and satellite, energy midstream, finance companies, energy upstream, retailers, and consumer non-cyclical products, with top holdings including Next Alt Sarl, EchoStar Corporation, Lumen Technologies, Venture Global LNG, and Vistra Operations. Launched on April 30, 2012, and managed by Prudential Investments LLC with co-management by Prudential Investment Management, Inc., the fund trades on the New York Stock Exchange under the ticker ISD with CUSIP 69346H100, maintains net assets of approximately $468 million, a leverage-adjusted duration of 3.8 years, and monthly distributions at $0.105 per share for December 2025 through February 2026 as declared on November 28, 2025, yielding around 8.55% on market price and 8.96% on NAV. Headquartered in Newark, New Jersey as part of PGIM, the global investment management arm of Prudential Financial, Inc., the fund operates primarily in U.S. fixed-income markets while exposing investors to credit and market risks inherent in high yield strategies; recent developments include sustained monthly payouts amid stable portfolio positioning and PGIM's broader fixed-income expansions such as the August 2025 launch of three actively managed corporate bond ETFs (PCS, PCI, PCL), though no fund-specific acquisitions, partnerships, or structural changes have occurred within the last 1-2 years.
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