PGIM Global High Yield Fund, Inc (GHY) to Issue Monthly Dividend of $0.11 on March 31st

PGIM Global High Yield Fund, Inc (NYSE:GHY) announced a monthly dividend on Friday, February 27th. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.105 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Thursday, March 12th.

PGIM Global High Yield Fund Stock Performance

GHY stock traded up $0.06 during trading on Tuesday, hitting $12.11. 22,569 shares of the company’s stock traded hands, compared to its average volume of 160,629. PGIM Global High Yield Fund has a 1 year low of $11.31 and a 1 year high of $13.74. The business has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $12.69.

PGIM Global High Yield Fund Company Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.