PGIM Global High Yield Fund, Inc
GHYFinancial Services · Stock · monthly payer
Forward Yield
10.67%
Annual Dividend
$1.26
Payout Ratio
101%
5-Yr Growth
0.0%
Ex-Date
Aug 13, 2026
Frequency
Monthly
Summary
As of July 2026, PGIM Global High Yield Fund, Inc (GHY) yields 10.67% ($1.26 per share annually), with a blended fair-value estimate of $25.08 — +112% upside, so it screens as undervalued. Dividend safety grade: C (64/100).
Is GHY a good dividend stock?
Yes, with caveatsPGIM Global High Yield Fund, Inc (GHY) pays a monthly dividend yielding 10.67% ($1.26/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2018
- Elevated payout ratio (101%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 10.67%
- Payout Ratio
- 101%
- Annual Dividend
- $1.26
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Aug 13, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $488.7M
- P/E Ratio
- 9.5
- 5-Yr Total Return
- -25%
- 52-Week Range
- $11.25 – $13.43
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2018)
Frequently Asked Questions
GHY Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
+5%
5 Years
-25%
52-Week Range
$11.25 – $13.43
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GHY worth?
Undervaluedlow confidenceOur blended fair-value estimate for PGIM Global High Yield Fund, Inc is $25.08 per share, versus a market price of $11.81. That implies 112% of upside — a margin of safety of about 53%.
Fair Value
$25.08
Current Price
$11.81
Upside
+112%
Margin of Safety
53%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $1.25 EPS, $1.26 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GHY Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 9, 2026 | — | $0.1050 | regular |
| Jun 11, 2026 | — | $0.1050 | regular |
| May 14, 2026 | — | $0.1050 | regular |
| Apr 9, 2026 | — | $0.1050 | regular |
| Mar 12, 2026 | — | $0.1050 | regular |
| Feb 12, 2026 | — | $0.1050 | regular |
| Dec 26, 2025 | — | $0.1050 | regular |
| Dec 11, 2025 | — | $0.1050 | regular |
| Nov 13, 2025 | — | $0.1050 | regular |
| Oct 16, 2025 | — | $0.1050 | regular |
| Sep 11, 2025 | — | $0.1050 | regular |
| Aug 14, 2025 | — | $0.1050 | regular |
| Jul 10, 2025 | — | $0.1050 | regular |
| Jun 12, 2025 | — | $0.1050 | regular |
Income Calculator
At $1.26 / yr per share
