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

PGIM Global High Yield Fund, Inc (NYSE:GHY) announced a monthly dividend on Wednesday, September 4th, Wall Street Journal reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.105 per share on Friday, November 29th. This represents a $1.26 annualized dividend and a yield of 9.99%. The ex-dividend date is Thursday, November 14th.

PGIM Global High Yield Fund Price Performance

NYSE GHY traded up $0.01 on Thursday, reaching $12.61. The company had a trading volume of 10,744 shares, compared to its average volume of 164,472. The company’s fifty day moving average is $12.35 and its 200-day moving average is $11.92. PGIM Global High Yield Fund has a 1-year low of $10.24 and a 1-year high of $12.68.

Insider Buying and Selling

In other news, Director Barry H. Evans sold 3,747 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $12.47, for a total value of $46,725.09. Following the sale, the director now owns 83,938 shares of the company’s stock, valued at $1,046,706.86. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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.