PGIM Global High Yield: Dividend Insights
Portfolio Pulse from Benzinga Insights
PGIM Global High Yield (NYSE:GHY) announced a monthly dividend of 10.5 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on January 5, 2024. The stock is expected to open 10.5 cents lower on the ex-dividend date.
December 21, 2023 | 2:46 pm
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PGIM Global High Yield (GHY) will pay a 10.5 cents monthly dividend per share. The stock will likely open lower by the dividend amount on the ex-dividend date.
The stock price of GHY is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100