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

Barings Global Short Duration High Yield Fund (NYSE:BGH) announced a monthly dividend on Tuesday, March 11th, Wall Street Journal reports. Stockholders 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 9.65%. 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

Shares of BGH traded down $0.03 during trading hours on Tuesday, hitting $15.21. The company had a trading volume of 56,955 shares, compared to its average volume of 68,071. The firm has a fifty day moving average price of $15.81 and a 200-day moving average price of $15.55. Barings Global Short Duration High Yield Fund has a 52-week low of $13.71 and a 52-week high of $16.34.

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.