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

PGIM Global High Yield Fund, Inc (NYSE:GHY) announced a monthly dividend on Wednesday, September 4th,Wall Street Journal reports. Investors of record on Thursday, November 14th will be given a dividend of 0.105 per share on Friday, November 29th. This represents a $1.26 dividend on an annualized basis and a yield of 9.87%. The ex-dividend date is Thursday, November 14th.

PGIM Global High Yield Fund Stock Down 1.0 %

Shares of GHY opened at $12.76 on Wednesday. PGIM Global High Yield Fund has a 1-year low of $10.59 and a 1-year high of $13.11. The firm’s 50-day moving average price is $12.67 and its 200-day moving average price is $12.29.

Insiders Place Their Bets

In related news, Director Barry H. Evans sold 3,747 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $12.47, for a total value of $46,725.09. Following the transaction, the director now owns 83,938 shares in the company, valued at $1,046,706.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.