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

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 paid 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 Performance

Shares of NYSE:GHY opened at $12.61 on Tuesday. The stock’s fifty day simple moving average is $12.69 and its 200-day simple moving average is $12.50. PGIM Global High Yield Fund has a 52-week low of $11.05 and a 52-week high of $13.11.

Insider Buying and Selling

In related news, Director Barry H. Evans sold 41,885 shares of the stock in a transaction 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 transaction, the director now directly owns 42,053 shares of the company’s stock, valued at approximately $546,268.47. This trade represents a 49.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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.