Barings Global Short Duration High Yield Fund (NYSE:BGH) to Issue Monthly Dividend of $0.11

Barings Global Short Duration High Yield Fund (NYSE:BGH) announced a monthly dividend on Tuesday, September 10th,Wall Street Journal reports. Investors of record on Wednesday, November 20th will be paid a dividend of 0.1056 per share on Monday, December 2nd. This represents a $1.27 annualized dividend and a yield of 8.27%. The ex-dividend date of this dividend is Wednesday, November 20th.

Barings Global Short Duration High Yield Fund has decreased its dividend by an average of 2.6% per year over the last three years.

Barings Global Short Duration High Yield Fund Stock Performance

Shares of BGH opened at $15.33 on Tuesday. Barings Global Short Duration High Yield Fund has a 12-month low of $12.80 and a 12-month high of $16.30. The company’s 50-day moving average price is $15.29 and its 200 day moving average price is $14.89.

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.