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

by · The Cerbat Gem

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 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend is Tuesday, May 20th.

Barings Global Short Duration High Yield Fund has increased its dividend by an average of 6.2% per year over the last three years.

Barings Global Short Duration High Yield Fund Stock Performance

Shares of BGH stock traded down $0.03 on Tuesday, reaching $15.21. The stock had a trading volume of 56,955 shares, compared to its average volume of 68,071. Barings Global Short Duration High Yield Fund has a 1 year low of $13.71 and a 1 year high of $16.34. The company has a 50 day simple moving average of $15.81 and a 200 day simple moving average of $15.55.

About Barings Global Short Duration High Yield Fund

(Get Free Report)

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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