PGIM Global High Yield Fund, Inc (NYSE:GHY) Plans Monthly Dividend of $0.10

PGIM Global High Yield Fund, Inc (NYSE:GHY) declared a monthly dividend on Monday, August 31st. Shareholders of record on Thursday, October 15th will be given a dividend of 0.105 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Thursday, October 15th.

PGIM Global High Yield Fund Stock Down 0.3%

GHY stock opened at $11.58 on Tuesday. The stock has a 50-day simple moving average of $11.79 and a two-hundred day simple moving average of $11.94. PGIM Global High Yield Fund has a twelve month low of $11.25 and a twelve month high of $13.43.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Invesco Ltd. grew its position in PGIM Global High Yield Fund by 2.2% during the second quarter. Invesco Ltd. now owns 412,289 shares of the company’s stock worth $5,529,000 after buying an additional 8,859 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of PGIM Global High Yield Fund by 28.6% in the 2nd quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock valued at $186,000 after acquiring an additional 3,090 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of PGIM Global High Yield Fund by 7.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 512,527 shares of the company’s stock valued at $6,873,000 after acquiring an additional 33,987 shares during the last quarter. Bank of America Corp DE boosted its position in shares of PGIM Global High Yield Fund by 4.5% during the 2nd quarter. Bank of America Corp DE now owns 106,696 shares of the company’s stock valued at $1,431,000 after acquiring an additional 4,601 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of PGIM Global High Yield Fund by 11.6% during the third quarter. First Trust Advisors LP now owns 192,585 shares of the company’s stock worth $2,480,000 after purchasing an additional 20,065 shares in 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.