PGIM Global Short Duration Hgh Yd Fd Inc (GHY) to Issue $0.08 Monthly Dividend

PGIM Global Short Duration Hgh Yd Fd Inc (GHY) to Issue $0.08 Monthly Dividend

PGIM Global Short Duration Hgh Yd Fd Inc (NYSE:GHY) announced a monthly dividend on Thursday, November 29th, Wall Street Journal reports. Shareholders of record on Friday, December 28th will be paid a dividend of 0.0825 per share on Monday, January 7th. This represents a $0.99 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date of this dividend is Thursday, December 27th.

PGIM Global Short Duration Hgh Yd Fd has decreased its dividend by an average of 9.0% per year over the last three years.

Shares of GHY stock traded down $0.09 on Thursday, reaching $13.32. 325,134 shares of the company were exchanged, compared to its average volume of 172,848. PGIM Global Short Duration Hgh Yd Fd has a one year low of $13.02 and a one year high of $14.55.

About PGIM Global Short Duration Hgh Yd Fd

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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