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

PGIM Global High Yield Fund, Inc (NYSE:GHY) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Thursday, May 15th will be given a dividend of 0.105 per share on Friday, May 30th. This represents a $1.26 dividend on an annualized basis and a yield of 9.43%. The ex-dividend date of this dividend is Thursday, May 15th.

PGIM Global High Yield Fund Stock Performance

Shares of GHY stock remained flat at $13.36 during midday trading on Wednesday. The company’s stock had a trading volume of 29,872 shares, compared to its average volume of 256,278. The company 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 1 year low of $11.11 and a 1 year high of $13.54.

Insider Buying and Selling

In related news, Director Barry H. Evans sold 41,885 shares of PGIM Global High Yield Fund stock in a transaction dated Monday, December 9th. The shares were 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 directly owns 42,053 shares of the company’s stock, valued at $546,268.47. This trade represents a 49.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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.