Cash Dividend On The Way From Prudential Short Duration High Yield Fund (ISD)

Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, Prudential Short Duration High Yield Fund (ISD) will trade ex-dividend, for its monthly dividend of $0.1225, payable on 10/31/13. As a percentage of ISD's recent stock price of $17.71, this dividend works out to approximately 0.69%, so look for shares of Prudential Short Duration High Yield Fund to trade 0.69% lower — all else being equal — when ISD shares open for trading on 10/16/13.

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Below is a dividend history chart for ISD, showing historical dividends prior to the most recent $0.1225 declared by Prudential Short Duration High Yield Fund:

ISD+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ISD is likely to continue, and whether the current estimated yield of 8.30% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of ISD shares, versus its 200 day moving average:

Prudential Short Duration High Yield Fund 200 Day Moving Average Chart

Looking at the chart above, ISD's low point in its 52 week range is $17.05 per share, with $20.95 as the 52 week high point — that compares with a last trade of $17.74.
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In Monday trading, Prudential Short Duration High Yield Fund shares are currently off about 0.5% on the day.

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