PGIM Global High Yield Fund, Inc (GHY) to Issue Monthly Dividend of $0.11 on January 9th

PGIM Global High Yield Fund, Inc (NYSE:GHY) declared a monthly dividend on Friday, November 29th,investing.com reports. Investors of record on Thursday, December 26th will be given a dividend of 0.105 per share on Thursday, January 9th. This represents a $1.26 annualized dividend and a yield of 9.99%. The ex-dividend date of this dividend is Thursday, December 26th.

PGIM Global High Yield Fund Price Performance

PGIM Global High Yield Fund stock opened at $12.61 on Tuesday. The company’s 50 day moving average price is $12.69 and its two-hundred day moving average price is $12.50. PGIM Global High Yield Fund has a 52 week low of $11.05 and a 52 week high of $13.11.

Insider Activity at PGIM Global High Yield Fund

In related news, Director Barry H. Evans sold 41,885 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $12.99, for a total value of $544,086.15. Following the sale, the director now owns 42,053 shares in the company, valued at approximately $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 accessible 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.