Barings Global Short Duration High Yield Fund (BGH) to Issue Monthly Dividend of $0.12 on June 2nd

Barings Global Short Duration High Yield Fund (NYSE:BGHGet 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

A hedge fund recently raised its stake in Barings Global Short Duration High Yield Fund stock. Royal Bank of Canada raised its position in Barings Global Short Duration High Yield Fund (NYSE:BGHFree Report) by 12.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,354 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. Royal Bank of Canada’s holdings in Barings Global Short Duration High Yield Fund were worth $943,000 as of its most recent filing with the Securities and Exchange Commission.

About Barings Global Short Duration High Yield Fund

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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.

See Also

Dividend History for Barings Global Short Duration High Yield Fund (NYSE:BGH)

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