PGIM High Yield Bond Fund, Inc.
ISDFinancial Services · Stock · monthly payer
Forward Yield
10.85%
Annual Dividend
$1.26
Payout Ratio
108%
5-Yr Growth
0.0%
Ex-Date
Oct 15, 2026
Frequency
Monthly
Summary
As of September 2026, PGIM High Yield Bond Fund, Inc. (ISD) yields 10.85% ($1.26 per share annually), with a blended fair-value estimate of $14.52 — +22% upside, so it screens as undervalued. Dividend safety grade: C (61/100).
Is ISD a good dividend stock?
Yes, with caveatsPGIM High Yield Bond Fund, Inc. (ISD) pays a monthly dividend yielding 10.85% ($1.26/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2018
- Elevated payout ratio (108%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 10.85%
- Payout Ratio
- 108%
- Annual Dividend
- $1.26
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Oct 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $384.1M
- P/E Ratio
- 9.8
- 5-Yr Total Return
- -28%
- 52-Week Range
- $11.85 – $14.79
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2018)
Frequently Asked Questions
ISD Price — Last 12 Months
Daily close
Price Return
1 Year
-18%
3 Years
+7%
5 Years
-28%
52-Week Range
$11.85 – $14.79
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ISD worth?
Undervaluedhigh confidenceOur blended fair-value estimate for PGIM High Yield Bond Fund, Inc. is $14.52 per share, versus a market price of $11.93. That implies 22% of upside — a margin of safety of about 18%.
Fair Value
$14.52
Current Price
$11.93
Upside
+22%
Margin of Safety
18%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $1.17 EPS, $1.26 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ISD Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full ISD dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | — | $0.1050 | regular |
| Aug 13, 2026 | — | $0.1050 | regular |
| Jul 9, 2026 | — | $0.1050 | regular |
| Jun 11, 2026 | — | $0.1050 | regular |
| May 14, 2026 | — | $0.1050 | regular |
| Apr 9, 2026 | — | $0.1050 | regular |
| Mar 12, 2026 | — | $0.1050 | regular |
| Feb 12, 2026 | — | $0.1050 | regular |
| Dec 26, 2025 | — | $0.1050 | regular |
| Dec 11, 2025 | — | $0.1050 | regular |
| Nov 13, 2025 | — | $0.1050 | regular |
| Oct 16, 2025 | — | $0.1050 | regular |
| Sep 11, 2025 | — | $0.1050 | regular |
| Aug 14, 2025 | — | $0.1050 | regular |
Income Calculator
At $1.26 / yr per share
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