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

Barings Global Short Duration High Yield Fund (NYSE:BGHGet Rating) declared a monthly dividend on Wednesday, May 11th, Wall Street Journal reports. Stockholders of record on Thursday, July 21st will be given a dividend of 0.1056 per share on Monday, August 1st. This represents a $1.27 annualized dividend and a dividend yield of 8.94%. The ex-dividend date of this dividend is Wednesday, July 20th.

Barings Global Short Duration High Yield Fund stock opened at $14.17 on Thursday. The business has a 50 day moving average of $15.18 and a 200-day moving average of $16.14. Barings Global Short Duration High Yield Fund has a 1 year low of $14.15 and a 1 year high of $17.49.

Institutional investors have recently added to or reduced their stakes in the company. MML Investors Services LLC acquired a new position in shares of Barings Global Short Duration High Yield Fund in the fourth quarter valued at approximately $197,000. NewEdge Advisors LLC acquired a new stake in Barings Global Short Duration High Yield Fund during the 4th quarter valued at approximately $1,130,000. Thrivent Financial for Lutherans increased its position in Barings Global Short Duration High Yield Fund by 1.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 65,429 shares of the company’s stock valued at $1,135,000 after purchasing an additional 1,201 shares during the period. Bank of America Corp DE increased its position in Barings Global Short Duration High Yield Fund by 1.7% during the 4th quarter. Bank of America Corp DE now owns 82,326 shares of the company’s stock valued at $1,428,000 after purchasing an additional 1,365 shares during the period. Finally, UBS Group AG grew its position in shares of Barings Global Short Duration High Yield Fund by 35.6% during the 3rd quarter. UBS Group AG now owns 146,000 shares of the company’s stock worth $2,496,000 after buying an additional 38,345 shares during the period.

About Barings Global Short Duration High Yield Fund (Get Rating)

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.

Featured Stories

Dividend History for Barings Global Short Duration High Yield Fund (NYSE:BGH)

Receive News & Ratings for Barings Global Short Duration High Yield Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings Global Short Duration High Yield Fund and related companies with MarketBeat.com's FREE daily email newsletter.