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

Barings Global Short Duration High Yield Fund (NYSE:BGH) announced a monthly dividend on Friday, October 11th, Wall Street Journal reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.1056 per share on Thursday, January 2nd. This represents a $1.27 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, December 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 Down 0.4 %

Shares of BGH traded down $0.06 on Friday, hitting $15.38. The company’s stock had a trading volume of 51,852 shares, compared to its average volume of 63,611. Barings Global Short Duration High Yield Fund has a fifty-two week low of $11.92 and a fifty-two week high of $15.49. The company has a 50 day moving average price of $15.11 and a 200 day moving average price of $14.64.

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.