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

PGIM Global High Yield Fund, Inc (NYSE:GHY) announced a monthly dividend on Friday, November 29th,investing.com reports. Shareholders 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 dividend on an annualized basis and a yield of 9.99%. The ex-dividend date of this dividend is Thursday, December 26th.

PGIM Global High Yield Fund Stock Up 0.5 %

Shares of NYSE GHY opened at $12.61 on Tuesday. The stock has a fifty day moving average price of $12.69 and a 200 day moving average price of $12.50. PGIM Global High Yield Fund has a 1-year low of $11.05 and a 1-year high of $13.11.

Insider Transactions at PGIM Global High Yield Fund

In related news, Director Barry H. Evans sold 41,885 shares of PGIM Global High Yield Fund stock in a transaction that occurred 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 directly owns 42,053 shares in the company, valued at $546,268.47. The trade was a 49.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

About PGIM Global High Yield Fund

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.