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

PGIM Global High Yield Fund, Inc (NYSE:GHY) announced a monthly dividend on Friday, November 28th. Stockholders of record on Friday, December 26th will be given a dividend of 0.105 per share on Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Friday, December 26th.

PGIM Global High Yield Fund Stock Performance

GHY opened at $12.38 on Wednesday. PGIM Global High Yield Fund has a fifty-two week low of $11.31 and a fifty-two week high of $13.74. The company’s 50-day moving average is $12.40 and its 200 day moving average is $12.92.

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.