Barings Global Short Duration High Yield Fund (NYSE:BGH) Plans Dividend Increase – $0.12 Per Share

Barings Global Short Duration High Yield Fund (NYSE:BGH) declared a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Wednesday, January 22nd will be given a dividend of 0.1223 per share on Monday, February 3rd. This represents a $1.47 annualized dividend and a dividend yield of 9.60%. The ex-dividend date of this dividend is Wednesday, January 22nd. This is a positive change from Barings Global Short Duration High Yield Fund’s previous monthly dividend of $0.11.

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 Price Performance

NYSE BGH opened at $15.29 on Friday. The stock’s fifty day moving average price is $15.28 and its 200 day moving average price is $14.86. Barings Global Short Duration High Yield Fund has a 1 year low of $12.80 and a 1 year high of $16.30.

Barings Global Short Duration High Yield Fund Company Profile

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.