Barings Global Short Duration High Yield Fund Plans Monthly Dividend of $0.11 (NYSE:BGH)

Barings Global Short Duration High Yield Fund (NYSE:BGH) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Monday, April 22nd will be paid a dividend of 0.1056 per share on Wednesday, May 1st. This represents a $1.27 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date of this dividend is Friday, April 19th.

Barings Global Short Duration High Yield Fund has decreased its dividend by an average of 2.6% per year over the last three years.

Barings Global Short Duration High Yield Fund Trading Up 1.1 %

Shares of NYSE:BGH opened at $13.96 on Thursday. Barings Global Short Duration High Yield Fund has a one year low of $11.92 and a one year high of $14.50. The stock has a fifty day moving average of $14.17 and a 200-day moving average of $13.47.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Belpointe Asset Management LLC acquired a new position in shares of Barings Global Short Duration High Yield Fund in the 1st quarter valued at about $28,000. Money Concepts Capital Corp acquired a new position in Barings Global Short Duration High Yield Fund in the 4th quarter valued at approximately $46,000. Rockefeller Capital Management L.P. purchased a new stake in Barings Global Short Duration High Yield Fund in the 2nd quarter worth approximately $102,000. Cetera Advisor Networks LLC acquired a new stake in shares of Barings Global Short Duration High Yield Fund during the 4th quarter valued at $140,000. Finally, Comerica Bank purchased a new position in shares of Barings Global Short Duration High Yield Fund during the 3rd quarter valued at $160,000.

About Barings Global Short Duration High Yield Fund

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.