PGIM Global High Yield Fund, Inc (GHY) to Issue Monthly Dividend of $0.11 on May 30th

PGIM Global High Yield Fund, Inc (NYSE:GHY) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Thursday, May 15th will be paid a dividend of 0.105 per share on Friday, May 30th. This represents a $1.26 annualized dividend and a yield of 9.45%. The ex-dividend date is Thursday, May 15th.

PGIM Global High Yield Fund Stock Down 0.4 %

Shares of GHY stock opened at $13.34 on Wednesday. The stock has a 50-day simple moving average of $12.99 and a 200 day simple moving average of $12.78. PGIM Global High Yield Fund has a fifty-two week low of $11.11 and a fifty-two week high of $13.54.

Insider Activity at PGIM Global High Yield Fund

In related news, Director Barry H. Evans sold 41,885 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $12.99, for a total transaction of $544,086.15. Following the completion of the transaction, the director now owns 42,053 shares of the company’s stock, valued at $546,268.47. This trade represents a 49.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

PGIM Global High Yield Fund Company Profile

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.