Prudential Global Short Duration High Yield Fund, Inc. (NYSE:GHY) announced a monthly dividend on Friday, December 1st, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.09 per share on Monday, January 8th. This represents a $1.08 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date of this dividend is Thursday, December 28th.

Prudential Global Short Duration High Yield Fund has decreased its dividend by an average of 2.4% annually over the last three years.

Shares of Prudential Global Short Duration High Yield Fund (NYSE:GHY) traded up $0.03 during midday trading on Friday, hitting $14.43. The stock had a trading volume of 242,363 shares, compared to its average volume of 151,264. Prudential Global Short Duration High Yield Fund has a 52 week low of $14.30 and a 52 week high of $15.31.

In related news, Director Barry H. Evans bought 7,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was bought at an average price of $14.92 per share, with a total value of $104,440.00. Following the completion of the transaction, the director now directly owns 34,826 shares of the company’s stock, valued at $519,603.92. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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About Prudential Global Short Duration High Yield Fund

Prudential Global Short Duration High Yield Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of current income by investing primarily in higher-rated, below-investment-grade fixed income instruments of issuers located across the world, including emerging markets.

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