Barings Global Short Duration High Yield Fund (NYSE:BGH) Announces $0.12 Monthly Dividend

Barings Global Short Duration High Yield Fund (NYSE:BGH) declared a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders of record on Monday, April 21st will be given a dividend of 0.1223 per share on Thursday, May 1st. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date of this dividend is Monday, April 21st.

Barings Global Short Duration High Yield Fund has raised its dividend by an average of 0.4% per year over the last three years.

Barings Global Short Duration High Yield Fund Price Performance

BGH stock traded down $0.04 during trading on Wednesday, hitting $15.82. 15,393 shares of the company’s stock were exchanged, compared to its average volume of 57,641. The business has a 50-day moving average price of $15.78 and a two-hundred day moving average price of $15.45. Barings Global Short Duration High Yield Fund has a 52-week low of $13.70 and a 52-week high of $16.34.

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.