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PGIM Global High Yield Fund (GHY) offers an 11.55% yield, focusing on global junk bonds with significant emerging market exposure. GHY's net investment income and realized gains failed to cover distributions in the latest fiscal year, raising sustainability concerns. Rising yields, inflation, and heavy debt issuance are pressuring bond markets, likely weighing on GHY's NAV and share price near term.
PGIM Global High Yield Fund, Inc (NYSE: GHY - Get Free Report) announced a monthly dividend on Monday, August 31st. Investors of record on Thursday, October 15th will be given a dividend of $0.1050 per share on Friday, October 30th. This represents a $1.26 annualized dividend and a yield of 11.6%. The ex-dividend date of this
PGIM Global High Yield Fund, Inc (NYSE: GHY - Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 91,014 shares, an increase of 211.8% from the August 31st total of 29,192 shares. Based on an average trading volume of 209,802 shares,
NEWARK, N.J.--(BUSINESS WIRE)--PGIM High Yield Bond Fund, PGIM Global High Yield Fund, and PGIM Short Duration High Yield Opportunities Fund declared today monthly distributions.
PGIM Global High Yield Fund remains a hold, with consistent payouts but limited NAV growth and few near-term catalysts. GHY trades at an 8.07% discount to NAV, reflecting ongoing challenges in asset growth and reliance on net realized gains for distributions. The fund offers a 10.7% yield but only covers 71% of distributions with net investment income, raising sustainability concerns if rates rise.
NEWARK, N.J.--(BUSINESS WIRE)--PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for June, July and August 2026.
PGIM Global High Yield Fund offers global, below-investment-grade fixed income exposure, with a 45% U.S. allocation and over 900 holdings for diversification. GHY trades at a -7.3% discount, which is attractive in absolute terms but narrower than its historical average, limiting deep value opportunities. The fund delivers a high 10.6% distribution yield, though coverage from net investment income is insufficient, requiring reliance on capital gains and derivatives.
The PGIM Global High Yield Fund offers a 10.59% yield with notable international diversification, especially versus high-yield CEF peers. GHY's portfolio is 45% U.S., with meaningful emerging market exposure but limited allocation to local currency bonds. Leverage enhances GHY's yield, and its distribution appears sustainable, with no recent cuts and coverage supported by unrealized gains.