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

Barings Global Short Duration High Yield Fund (NYSE:BGH) announced a monthly dividend on Tuesday, January 14th,Wall Street Journal reports. Shareholders of record on Thursday, March 20th will be paid a dividend of 0.1223 per share on Tuesday, April 1st. This represents a $1.47 dividend on an annualized basis and a yield of 9.33%. The ex-dividend date of this dividend is Thursday, March 20th.

Barings Global Short Duration High Yield Fund Stock Down 0.4 %

Shares of BGH stock traded down $0.06 during mid-day trading on Tuesday, reaching $15.73. 52,386 shares of the company were exchanged, compared to its average volume of 52,639. The business’s 50 day simple moving average is $15.68 and its 200 day simple moving average is $15.29. Barings Global Short Duration High Yield Fund has a fifty-two week low of $13.56 and a fifty-two 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.