PGIM Corporate Bond 0-5 Year ETF Announces Monthly Dividend of $0.1779 per Share
The PGIM Corporate Bond 0-5 Year ETF (PCS) has declared a monthly dividend of $0.1779 per share, representing an annualized forward yield of 4.35%. The dividend is payable on October 2 to shareholders of record as of September 30, with the ex-dividend date also set for September 30. This announcement provides investors with a clear expectation regarding income generation from this ETF, which focuses on corporate bonds maturing within five years or less. Such short-duration fixed-income investments are often sought after in rising interest rate environments due to their lower sensitivity to yield curve shifts and potential capital preservation benefits.
