Barings Global Short Duratin Hgh Yld Fnd (NYSE:BGH) announced a monthly dividend on Friday, May 10th, Wall Street Journal reports. Stockholders of record on Tuesday, July 23rd will be paid a dividend of 0.1482 per share on Thursday, August 1st. This represents a $1.78 annualized dividend and a dividend yield of 9.87%. The ex-dividend date is Monday, July 22nd.
Barings Global Short Duratin Hgh Yld Fnd has decreased its dividend payment by an average of 8.3% per year over the last three years.
Shares of BGH stock opened at $18.01 on Friday. Barings Global Short Duratin Hgh Yld Fnd has a 12-month low of $15.13 and a 12-month high of $19.95. The stock has a 50-day moving average price of $17.95.
About Barings Global Short Duratin Hgh Yld Fnd
Babson Capital Global Short Duration High Yield Fund is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund is co-managed by Babson Capital Global Advisors Limited. It invests in fixed income markets across the globe. The fund primarily invests in global high-yield bonds, loans, and other income-producing instruments that are, at the time of purchase, rated below Baa3 by Moody's Investors Service, Inc or below BBB- by Standard & Poor's Rating Services.
Further Reading: Closed-End Mutual Funds (CEFs)
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