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ISD · PGIM High Yield Bond Fund, Inc.

Know the company

Company overview

PGIM High Yield Bond Fund lends through below-investment-grade bonds and related credit. Its income depends on borrowers making payments; defaults and recoveries determine how much of that income translates into lasting value.

Business
Credit and multi-sector income funds
Listing
ISD · XNYS
Reporting period
2026-01-31
Dividend schedule
Monthly

How the business works

Bond interest becomes net investment income after fund and financing costs. Credit losses and price moves sit outside recurring income and also affect NAV.

PGIM High Yield Bond Fund, Inc.: financial report supporting reported earnings

Dividend & earnings snapshot

Reported earnings

Each measure shown separately, per share

Net investment income$0.44

Aug 1, 2025 to Jan 31, 2026

Distribution yield10.40%Sourced distributions divided by dated market price
Reported annual income yield6.35%Reported net investment income $0.9100 per share for 2024-08-01 to 2025-07-31, divided by approved 2025-07-31 market price $14.3400. Excludes capital gains; historical, not a current yield or forecast.
Annual dividend$1.26Current regular payment annualized per share
Distribution supportSee period evidenceCash distributions, NAV and reported returns are shown separately; no earnings-coverage ratio is assigned.
Verified dividend dates and payment components

Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.

Verified earnings history and sources

The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.

Reporting periodEarnings measurePer shareSource
Aug 1, 2025 to Jan 31, 2026Net investment income$0.44Issuer source 1
Announced Mar 27, 2026

Market price and NAV per share

Reviewed USD market closes or SEC-reported prices matched to NAV dates. A different price date or split adjustment is shown in the label.

Business and earnings charts

Financial snapshot: 2026-01-31. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.

The assets it owns

$445.332 million net assets809 holdings · As of 7/31/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

PGIM High Yield Bond Fund, Inc.: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-08-01 through 2026-01-31 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$0.4400

For the six months ended January 31, 2026, ISD recorded $0.44 of net investment income per common share and $0.63 of distributions. NAV moved from $14.11 to $14.03. Income provided most, but not all, of the payment; read realized credit results and payment sources before deciding what filled the gap.

PGIM High Yield Bond Fund, Inc.: financial report supporting reported earnings

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Aug 1, 2025 to Jan 31, 2026$14.03-0.57%$0.63Not availableISD financial highlights in the SEC shareholder report for 2026-01-31. Distributions include all reported cash components for this exact fiscal period. Partial-period figures are not annualized.
Aug 1, 2024 to Jul 31, 2025$14.11+0.86%$1.26Not availableISD financial highlights in the SEC shareholder report for 2026-01-31. Distributions include all reported cash components for this exact fiscal period. Partial-period figures are not annualized.
Aug 1, 2023 to Jul 31, 2024$13.99+1.45%$1.26Not availableISD financial highlights in the SEC shareholder report for 2026-01-31. Distributions include all reported cash components for this exact fiscal period. Partial-period figures are not annualized.
Aug 1, 2022 to Jul 31, 2023$13.79-4.50%$1.26Not availableISD financial highlights in the SEC shareholder report for 2026-01-31. Distributions include all reported cash components for this exact fiscal period. Partial-period figures are not annualized.
Aug 1, 2021 to Jul 31, 2022$14.44-16.14%$1.26Not availableISD financial highlights in the SEC shareholder report for 2026-01-31. Distributions include all reported cash components for this exact fiscal period. Partial-period figures are not annualized.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

Distribution and NAV evidence

Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.

Reporting period and filingNet investment income/shareCash distributions/shareOpening NAVClosing NAVNAV changeReported NAV total return
2021-08-01 to 2022-07-31 Not reviewed $1.26 $17.22 $14.44 -16.14% Not reported
2022-08-01 to 2023-07-31 Not reviewed $1.26 $14.44 $13.79 -4.50% Not reported
2023-08-01 to 2024-07-31 Not reviewed $1.26 $13.79 $13.99 1.45% Not reported
2024-08-01 to 2025-07-31 Not reviewed $1.26 $13.99 $14.11 0.86% Not reported
2025-08-01 to 2026-01-31 $0.44 $0.63 $14.11 $14.03 -0.57% Not reported

Risk monitor

RiskCurrent conditionDirectionWhy it matters
Portfolio riskLosses or weaker cash generation in credit and multi-sector income investments can reduce the resources available for future distributions.MonitorA change can affect future shareholder cash payments or the capital supporting them.
Leverage and financingThe current data service reports effective leverage of 20.36%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.MonitorA change can affect future shareholder cash payments or the capital supporting them.

The assets behind the earnings

How ISD makes money

Financial snapshot: 2026-01-31. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.

The income-producing business

Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

PGIM High Yield Bond Fund, Inc.: financial report supporting reported earnings

What the reported earnings support

PGIM High Yield Bond Fund, Inc. reported $0.4400 per share for 2025-08-01 through 2026-01-31, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

PGIM High Yield Bond Fund, Inc.: financial report supporting reported earnings

Distribution sustainability

A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

PGIM High Yield Bond Fund, Inc.: financial report supporting reported earnings

What would change the earnings picture?

The next six-month report should show whether borrower payments, defaults and borrowing costs improved the income-to-cash comparison. Watch NAV and distribution sources too.

Net asset value (NAV)

NAV per share$13.0100Sep 29, 2026
Market price$11.7200Sep 29, 2026
PREMIUM / DISCOUNT TO NAV9.92% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

  • Regular distribution screen: 10.40% on 2026-09-11.
  • Reported net investment income per common share: $0.44 for 2025-08-01 through 2026-01-31; not annualized.

What to watch next

  • The next six-month report should show whether borrower payments, defaults and borrowing costs improved the income-to-cash comparison. Watch NAV and distribution sources too.

Fly High context

The next six-month report should show whether borrower payments, defaults and borrowing costs improved the income-to-cash comparison. Watch NAV and distribution sources too.

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U.S. federal · Tax year 2025

Dividend tax treatment

For ISD's December 31, 2025 payment, PGIM estimated 38% return of capital.

Total ordinary dividends
Not confirmed
Qualified dividends
Not confirmed
Capital-gain distributions
Not confirmed
Return of capital
38%

This is a close look at the payment dates named above, not a verdict on every distribution paid in 2025. Other payments can have a different mix. Use this estimate to understand those checks, then compare the whole year with your tax statement.

Read the source behind these figures. Your Form 1099-DIV is the guide for your own filing.

The issuer calls this breakdown an estimate. This covers only the $0.1050 December 31 payment, not all of 2025. PGIM estimated $0.0399 return of capital for this payment. Its fiscal-year-to-date percentage covers a different period. The 2025 Form 8937 covers February through July payments separately. Your Form 1099-DIV may show a different final mix. See the issuer's estimate.

Tax year: 2025.

Tax details and source
Total ordinary dividends (includes qualified)
Not confirmed
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
Not confirmed
Reporting form
Form 1099-DIV
Source date
2025-12-31

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Public Research updated September 30, 2026 5:48 pm

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