PGIM Global High Yield Fund, Inc (NYSE:GHY) Declares $0.11 Monthly Dividend

PGIM Global High Yield Fund, Inc (NYSE:GHY) declared a monthly dividend on Friday, November 29th,NASDAQ Dividends reports. Shareholders of record on Thursday, December 26th will be paid 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 Trading Up 0.5 %

Shares of GHY stock opened at $12.61 on Tuesday. PGIM Global High Yield Fund has a one year low of $11.05 and a one year high of $13.11. The firm has a 50-day moving average of $12.69 and a 200-day moving average of $12.50.

Insiders Place Their Bets

In related news, Director Barry H. Evans sold 41,885 shares of PGIM Global High Yield Fund stock in a transaction on Monday, December 9th. The stock was sold at an average price of $12.99, for a total transaction of $544,086.15. Following the sale, the director now directly 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 legal filing with the SEC, which can be accessed through this link.

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.