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

Barings Global Short Duration High Yield Fund (NYSE:BGH) announced a monthly dividend on Tuesday, March 11th, Wall Street Journal reports. Shareholders of record on Tuesday, May 20th will be given a dividend of 0.1223 per share on Monday, June 2nd. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.60%. The ex-dividend date of this dividend is Tuesday, May 20th.

Barings Global Short Duration High Yield Fund has raised its dividend by an average of 6.2% per year over the last three years.

Barings Global Short Duration High Yield Fund Price Performance

BGH traded up $0.05 on Wednesday, reaching $15.28. The stock had a trading volume of 8,107 shares, compared to its average volume of 61,744. Barings Global Short Duration High Yield Fund has a fifty-two week low of $13.70 and a fifty-two week high of $16.34. The firm has a 50-day moving average of $15.80 and a 200-day moving average of $15.55.

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.