Analyzing PGIM Global High Yield's Ex-Dividend Date

On February 26, 2021, PGIM Global High Yield GHY announced shareholders can expect to receive a dividend payable on May 28, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. PGIM Global High Yield, whose current dividend payout is $0.1, has an ex-dividend date set at May 13, 2021. The payout equates to a dividend yield of 8.61% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding PGIM Global High Yield's Dividend Performance

Over the past year, PGIM Global High Yield has seen its dividend payouts remain the same and its yields trend downward. Last year on December 28, 2020 the company's payout sat at $0.1, which has returned to its value today. PGIM Global High Yield's dividend yield last year was 9.0%, which has since decreased by 0.39%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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