Barings Global Short Duration High Yield Fund (NYSE:BGH – Get Free Report) announced a monthly dividend on Tuesday, March 11th, Wall Street Journal reports. Shareholders of record on Tuesday, May 20th will be paid a dividend of 0.1223 per share on Monday, June 2nd. This represents a $1.47 annualized dividend and a dividend yield of 9.92%. The ex-dividend date is Tuesday, May 20th.
Barings Global Short Duration High Yield Fund has raised its dividend payment by an average of 6.2% per year over the last three years.
Barings Global Short Duration High Yield Fund Stock Performance
Shares of NYSE:BGH opened at $14.80 on Friday. The firm’s 50 day moving average is $14.51 and its two-hundred day moving average is $15.31. Barings Global Short Duration High Yield Fund has a 52 week low of $12.52 and a 52 week high of $16.34.
Institutional Investors Weigh In On Barings Global Short Duration High Yield Fund
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.
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