PGIM Global High Yield Fund, Inc (GHY) to Issue Monthly Dividend of $0.11 on January 8th

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

PGIM Global High Yield Fund Stock Up 0.4%

NYSE:GHY opened at $12.41 on Wednesday. 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 50 day simple moving average of $12.40 and a 200-day simple moving average of $12.92.

Insider Transactions at PGIM Global High Yield Fund

In other news, Director Brian Reid sold 4,706 shares of PGIM Global High Yield Fund stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $12.56, for a total value of $59,107.36. Following the transaction, the director owned 11,130 shares of the company’s stock, valued at $139,792.80. The trade was a 29.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in PGIM Global High Yield Fund by 3.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21,480 shares of the company’s stock valued at $288,000 after purchasing an additional 800 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of PGIM Global High Yield Fund in the first quarter valued at approximately $37,000. Activest Wealth Management boosted its position in shares of PGIM Global High Yield Fund by 108.8% during the 1st quarter. Activest Wealth Management now owns 43,761 shares of the company’s stock worth $587,000 after acquiring an additional 22,800 shares in the last quarter. Geneos Wealth Management Inc. increased its position in PGIM Global High Yield Fund by 474.2% during the first quarter. Geneos Wealth Management Inc. now owns 12,678 shares of the company’s stock worth $170,000 after buying an additional 10,470 shares during the period. Finally, Stolper Co raised its stake in shares of PGIM Global High Yield Fund by 3.2% during the second quarter. Stolper Co now owns 41,892 shares of the company’s stock worth $562,000 after purchasing an additional 1,286 shares during the last quarter.

About PGIM Global High Yield Fund

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.