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Definitive Analysis

Financial Statements

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Page: Dividend Discount Model

PGIM High Yield Bond Fund, Inc.

Ticker: ISD | Industry: Asset Management - Bonds | Sector: Financial Services
$14.69 +0.02 (0.14%)
As of: 2026-01-23

Master Data Export


Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$72.60 - $184.27$107.01
Multi-Stage DDM$21.41 - $23.41$22.39
Blended Fair Value$64.70
Stock Price$14.47

Dividend History (Last 10 Years)

Metric202420232022202120202019201820172016
DPS1.2541.2601.2601.2601.2241.0651.1013.19914.470
YoY %-0.47%0.00%0.00%2.97%14.90%-3.25%-65.59%-77.89%0.00%
Yield8.667%8.708%8.708%8.708%8.457%7.360%7.608%22.109%99.997%

CAGRValue
5 Year3.32%
10 Year0.00%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth5.50% to 7.50%6.50%
WACC9.02%9.02%
Fair Value$72.60 - $184.27$107.01

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income48.7948.7948.79
(=) Cash Required9.766.103.66
Cash Retained48.7948.7948.79
(-) Cash Required-9.76-6.10-3.66
(=) Excess Retained39.0342.6945.13
(/) Shares Outstanding33,414,42733,414,42733,414,427
(=) Excess Retained per Share1.171.281.35
LTM Dividend per Share1.2541.2541.254
(+) Excess Retained per Share1.171.281.35
(=) Adjusted Dividend2.4222.5322.605

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income48.7951.9655.3358.9362.7666.84
Payout Ratio85.9%25.0%41.0%57.0%73.0%90.0%
Projected Dividends41.9012.9922.6933.5945.8260.16

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV12.3212.4412.56
Year 2 PV19.5619.9320.31
Year 3 PV26.3127.0727.84
Year 4 PV32.6133.8635.15
Year 5 PV38.9140.7942.74
TV PV585.85614.15643.53
Equity Value715.56748.24782.12
Fair Value$21.41$22.39$23.41
Stock Price$14.47$14.47$14.47

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