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

Barings Global Short Duration High Yield Fund (NYSE:BGH) announced a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Wednesday, January 22nd will be paid a dividend of 0.1223 per share on Monday, February 3rd. This represents a $1.47 annualized dividend and a dividend yield of 9.64%. 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 payment by an average of 2.6% per year over the last three years.

Barings Global Short Duration High Yield Fund Stock Down 0.4 %

Shares of NYSE:BGH opened at $15.23 on Friday. The company has a 50 day moving average of $15.28 and a 200 day moving average of $14.87. Barings Global Short Duration High Yield Fund has a 12 month low of $12.80 and a 12 month 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.