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

PGIM Global High Yield Fund, Inc (NYSE:GHY – Get Rating) announced a monthly dividend on Thursday, March 3rd, Wall Street Journal reports. Investors of record on Friday, May 13th will be given a dividend of 0.105 per share on Tuesday, May 31st. This represents a $1.26 annualized dividend and a dividend yield of 10.41%. The ex-dividend date of this dividend is Thursday, May 12th.

PGIM Global High Yield Fund has raised its dividend payment by an average of 16.7% annually over the last three years.

NYSE GHY opened at $12.10 on Tuesday. The company has a fifty day simple moving average of $13.14 and a 200 day simple moving average of $14.28. PGIM Global High Yield Fund has a 1 year low of $12.10 and a 1 year high of $16.10.

Several hedge funds and other institutional investors have recently bought and sold shares of GHY. Morgan Stanley boosted its holdings in shares of PGIM Global High Yield Fund by 9.8% during the 2nd quarter. Morgan Stanley now owns 844,107 shares of the company’s stock worth $13,455,000 after buying an additional 75,371 shares during the period. LPL Financial LLC boosted its holdings in shares of PGIM Global High Yield Fund by 5.4% during the 3rd quarter. LPL Financial LLC now owns 48,181 shares of the company’s stock worth $742,000 after buying an additional 2,481 shares during the period. Jane Street Group LLC bought a new stake in shares of PGIM Global High Yield Fund during the 3rd quarter worth $159,000. Invesco Ltd. boosted its holdings in shares of PGIM Global High Yield Fund by 2.8% during the 4th quarter. Invesco Ltd. now owns 665,585 shares of the company’s stock worth $10,044,000 after buying an additional 18,225 shares during the period. Finally, Credit Suisse AG bought a new stake in shares of PGIM Global High Yield Fund during the 4th quarter worth $2,791,000.

PGIM Global High Yield Fund Company Profile (Get Rating)

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.

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