PGIM Global High Yield Fund, Inc (GHY) to Distribute Monthly Dividend of $0.10 on October 30th

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

PGIM Global High Yield Fund Stock Down 0.6%

Shares of PGIM Global High Yield Fund stock opened at $11.53 on Wednesday. The company has a fifty day moving average price of $11.78 and a 200 day moving average price of $11.93. PGIM Global High Yield Fund has a twelve month low of $11.25 and a twelve month high of $13.43.

Institutional Investors Weigh In On PGIM Global High Yield Fund

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in PGIM Global High Yield Fund by 267.2% in the fourth quarter. Royal Bank of Canada now owns 525,846 shares of the company’s stock worth $6,489,000 after purchasing an additional 382,645 shares in the last quarter. Readystate Asset Management LP grew its holdings in shares of PGIM Global High Yield Fund by 1,110.3% during the fourth quarter. Readystate Asset Management LP now owns 234,971 shares of the company’s stock valued at $2,900,000 after purchasing an additional 215,557 shares during the last quarter. Invesco Ltd. raised its position in shares of PGIM Global High Yield Fund by 26.5% during the 4th quarter. Invesco Ltd. now owns 519,176 shares of the company’s stock worth $6,407,000 after purchasing an additional 108,885 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of PGIM Global High Yield Fund in the 4th quarter worth approximately $1,120,000. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of PGIM Global High Yield Fund by 181.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 118,277 shares of the company’s stock worth $1,460,000 after purchasing an additional 76,281 shares during the last quarter.

PGIM Global High Yield Fund Company Profile

(Get Free Report)

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.

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Dividend History for PGIM Global High Yield Fund (NYSE:GHY)

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