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

Barings Global Short Duration High Yield Fund (NYSE:BGH) announced a monthly dividend on Thursday, October 10th,Wall Street Journal reports. Investors of record on Friday, December 20th will be paid a dividend of 0.1056 per share on Thursday, January 2nd. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.08%. The ex-dividend date 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 Trading Down 1.6 %

Shares of BGH opened at $15.68 on Wednesday. The firm has a 50-day moving average price of $15.60 and a 200 day moving average price of $15.14. Barings Global Short Duration High Yield Fund has a 52-week low of $13.31 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.