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PGIM Global High Yield Fund, Inc (GHY)

Financial Services | Asset Management | Newark, United States | NYSE
11.61 USD +0.01 (0.086%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★☆☆☆☆
Hot Take ↕ | Aug. 22, 2026, 5:53 a.m. EDT

The headline feature here is a massive 10.86% yield, but the math reveals a dangerous reality: the fund is paying out 100.8% of its earnings. This is a classic closed-end fund trap where the distribution exceeds the underlying business generation, signaling potential capital erosion rather than sustainable income. While the price has recently stabilized and posted a gain for the latest year, the broader nine-year history shows a 13% decline, indicating that the market has consistently punished this asset despite occasional rallies. The short-term outlook remains neutral given the lack of clear momentum, while the long-term view is clouded by the fact that the business cannot support the current payout level without depleting its own value.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.010927
AutoETS0.012255
AutoARIMA0.015200
MSTL0.018196

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 63%
H-stat 1.02
Ljung-Box p 0.000
Jarque-Bera p 0.215
Excess Kurtosis -0.85
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-08-12
Last Dividend Date 2026-08-12
Market Cap 475,558,592
Trailing P/E 9.29
Website https://www.pgim.com/pgim-investments/investments-products/closed-end-funds/fund-profile/pgim-global-high-yield-fund

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.90% 10.32% 10.37% 10.39%
Dividend History
Date Dividend Yield %
2026-08-13 0.105 0.896670
2026-07-09 0.105 0.875730
2026-06-11 0.105 0.890585
2026-05-14 0.105 0.871369
2026-04-09 0.105 0.889830
2026-03-12 0.105 0.882353
2026-02-12 0.105 0.817121
2025-12-26 0.105 0.843374
2025-12-11 0.105 0.862777
2025-11-13 0.105 0.848828
2025-10-16 0.105 0.846092
2025-09-11 0.105 0.794852
2025-08-14 0.105 0.797267
2025-07-10 0.105 0.772627
2025-06-12 0.105 0.789474
2025-05-15 0.105 0.807071
2025-04-10 0.105 0.906736
2025-03-13 0.105 0.808937
2025-02-13 0.105 0.797267
2024-12-26 0.105 0.837989
2024-12-12 0.105 0.819033
2024-11-14 0.105 0.846092
2024-10-10 0.105 0.821596
2024-09-12 0.105 0.843374
2024-08-08 0.105 0.843374
2024-07-11 0.105 0.855049
2024-06-13 0.105 0.875730
2024-05-09 0.105 0.898204
2024-04-11 0.105 0.917031
2024-03-14 0.105 0.903614
2024-02-15 0.105 0.909091
2023-12-26 0.105 0.913838
2023-12-14 0.105 0.910668
2023-11-08 0.105 0.978565
2023-10-12 0.105 0.998099
2023-09-14 0.105 0.950226
2023-08-10 0.105 0.928382
2023-07-13 0.105 0.936664
2023-06-15 0.105 0.934164
2023-05-11 0.105 0.965961
2023-04-13 0.105 0.933333
2023-03-16 0.105 0.977654
2023-02-09 0.105 0.898973
2022-12-27 0.105 0.982226
2022-12-15 0.105 0.962420
2022-11-09 0.105 0.989632
2022-10-13 0.105 1.025391
2022-09-15 0.105 0.930851
2022-08-11 0.105 0.861362
2022-07-14 0.105 0.946799
2022-06-16 0.105 0.949367
2022-05-12 0.105 0.885329
2022-04-13 0.105 0.808937
2022-03-17 0.105 0.781250
2022-02-10 0.105 0.744153
2021-12-27 0.105 0.689429
2021-12-16 0.105 0.691700
2021-11-10 0.105 0.677419
2021-10-14 0.105 0.670498
2021-09-16 0.105 0.663717
2021-08-12 0.105 0.667514
2021-07-15 0.105 0.674374
2021-06-10 0.105 0.670498
2021-05-13 0.105 0.700935
2021-04-15 0.105 0.693069
2021-03-11 0.105 0.703753
2021-02-11 0.105 0.707071
2020-12-28 0.105 0.722643
2020-12-10 0.105 0.729167
2020-11-12 0.105 0.786517
2020-10-15 0.105 0.788881
2020-09-10 0.105 0.777778
2020-08-13 0.105 0.780089
2020-07-16 0.105 0.813323
2020-06-11 0.105 0.826121
2020-05-14 0.105 0.912250
2020-04-16 0.105 0.901288
2020-03-12 0.105 0.895904
2020-02-13 0.105 0.688525
2019-12-26 0.105 0.709459
2019-12-12 0.105 0.716235
2019-11-14 0.105 0.727147
2019-10-10 0.105 0.742049
2019-09-12 0.105 0.730689
2019-08-15 0.100 0.717360
2019-07-18 0.100 0.686342
2019-06-13 0.100 0.710227
2019-05-16 0.100 0.714796
2019-04-17 0.100 0.708215
2019-03-21 0.100 0.714286
2019-02-14 0.083 0.597552
2018-12-27 0.083 0.648437
2018-12-13 0.083 0.622656
2018-11-15 0.083 0.619403
2018-10-11 0.083 0.618480
2018-09-13 0.083 0.601885
2018-08-16 0.083 0.608059
2018-07-12 0.083 0.606725
2018-06-14 0.083 0.605398
2018-05-10 0.083 0.602760
2018-04-12 0.083 0.599278
2018-03-15 0.083 0.597552
2018-02-15 0.090 0.640114
2017-12-28 0.090 0.628053
2017-12-14 0.090 0.627178
2017-11-16 0.090 0.623269
2017-10-12 0.090 0.602410
2017-09-14 0.090 0.609343
2017-08-16 0.090 0.608108
2017-07-12 0.090 0.602813
2017-06-14 0.090 0.600400
2017-05-10 0.100 0.661813
2017-04-11 0.100 0.664011
2017-03-15 0.100 0.675676
2017-02-15 0.100 0.667557
2016-12-28 0.100 0.675676
2016-12-14 0.100 0.683527
2016-11-16 0.100 0.692042
2016-10-12 0.100 0.668003
2016-09-14 0.100 0.677048
2016-08-17 0.110 0.719424
2016-07-13 0.110 0.723684
2016-06-15 0.110 0.723684
2016-05-11 0.110 0.753425
2016-04-13 0.110 0.742741
2016-03-16 0.110 0.751366
2016-02-17 0.110 0.807043
2015-12-28 0.110 0.783476
2015-12-16 0.110 0.795948
2015-11-18 0.110 0.785153
2015-10-14 0.110 0.760193
2015-09-16 0.110 0.791937
2015-08-19 0.125 0.875350
2015-07-15 0.125 0.837240
2015-06-17 0.125 0.828912
2015-05-13 0.125 0.787650
2015-04-15 0.125 0.779788
2015-03-18 0.125 0.778331
2015-02-19 0.125 0.757576
2014-12-26 0.379 2.429487
2014-12-17 0.125 0.798722
2014-11-18 0.125 0.777363
2014-10-15 0.125 0.784191
2014-09-17 0.125 0.748951
2014-08-19 0.125 0.725058
2014-07-16 0.125 0.707814
2014-06-18 0.125 0.695217
2014-05-19 0.125 0.703433
2014-04-15 0.125 0.711440
2014-03-25 0.125 0.715512
2014-02-19 0.125 0.704225
2013-12-27 0.125 0.715922
2013-12-18 0.125 0.723798
2013-11-18 0.125 0.739645
2013-10-16 0.125 0.732708
2013-09-18 0.125 0.715512
2013-08-19 0.125 0.743163
2013-07-17 0.125 0.714286
2013-06-18 0.125 0.708617
2013-05-20 0.125 0.674218
2013-04-17 0.125 0.667735
2013-03-18 0.125 0.663482
2013-02-19 0.125 0.649351
Additional Data
dividendRate 1.26
dividendYield 10.86
exDividendDate 2026-08-13
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.105
lastDividendDate 2026-08-13
dividendDate 2019-02-28

Info Dump

Attribute Value
52 Week Change -0.130988
Address1 655 Broad Street
Address2 17th Floor
All Time High 20.25
All Time Low 8.62
Ask 18.45
Ask Size 1,000
Average Daily Volume10 Day 120,440
Average Daily Volume3 Month 136,644
Average Volume 136,644
Average Volume10Days 120,440
Bid 0.0
Bid Size 200
City Newark
Country United States
Crypto Tradeable 0
Currency USD
Current Price 11.61
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 11.64
Day Low 11.57
Display Name PGIM Global High Yield Fund
Dividend Date 1,551,312,000
Dividend Rate 1.26
Dividend Yield 10.86
Earnings Timestamp End 1,583,460,000
Earnings Timestamp Start 1,583,460,000
Ebitda Margins 0.0
Eps Trailing Twelve Months 1.25
Esg Populated 0
Ex Dividend Date 1,786,579,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 11.7868
Fifty Day Average Change -0.17680073
Fifty Day Average Change Percent -0.014999892
Fifty Two Week Change Percent -13.098801
Fifty Two Week High 13.43
Fifty Two Week High Change -1.8200006
Fifty Two Week High Change Percent -0.13551754
Fifty Two Week Low 11.25
Fifty Two Week Low Change 0.35999966
Fifty Two Week Low Change Percent 0.031999968
Fifty Two Week Range 11.25 - 13.43
First Trade Date Milliseconds 1,356,359,400,000
Five Year Avg Dividend Yield 10.19
Full Exchange Name NYSE
Fullday Change 0.00999928
Fullday Change Percent 0.0862006
Fullday Price 11.61
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.2842
Implied Shares Outstanding 40,961,118
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,786,579,200
Last Dividend Value 0.105
Long Business Summary 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. It seeks to maintain a weighted average maturity of five years or less. PGIM Global Short Duration High Yield Fund, Inc. was formed on December 26, 2012 and is domiciled in the United States.
Long Name PGIM Global High Yield Fund, Inc
Market us_market
Market Cap 475,558,592
Market State PRE
Max Age 86,400
Message Board Id finmb_214613752
Non Diluted Market Cap 475,148,968
Open 11.63
Operating Margins 0.0
Payout Ratio 1.008
Phone 800 225 1852
Pre Market Change 0.0
Pre Market Change Percent 0.0
Pre Market Price 11.61
Pre Market Time 1,788,163,822
Previous Close 11.6
Price Hint 2
Profit Margins 0.0
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.00999928
Regular Market Change Percent 0.0862006
Regular Market Day High 11.64
Regular Market Day Low 11.57
Regular Market Day Range 11.57 - 11.64
Regular Market Open 11.63
Regular Market Previous Close 11.6
Regular Market Price 11.61
Regular Market Time 1,787,947,203
Regular Market Volume 71,182
Sand P52 Week Change 0.20204377
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 40,961,118
Shares Percent Shares Out 0.0014
Shares Short 32,902
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 18,227
Short Name PGIM Global Short Duration High
Short Ratio 0.4
Source Interval 15
State NJ
Symbol GHY
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 1.25
Trailing P E 9.288
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 12.1126
Two Hundred Day Average Change -0.50260067
Two Hundred Day Average Change Percent -0.041494034
Type Disp Equity
Volume 71,182
Website https://www.pgim.com/pgim-investments/investments-products/closed-end-funds/fund-profile/pgim-global-high-yield-fund
Zip 7,102