Barings Global Short Duration High Yield Fund (BGH) to Issue Monthly Dividend of $0.12 on September 2nd

Barings Global Short Duration High Yield Fund (NYSE:BGH) announced a monthly dividend on Thursday, June 12th, Wall Street Journal reports. Stockholders of record on Wednesday, August 20th will be paid a dividend of 0.1223 per share on Tuesday, September 2nd. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.66%. The ex-dividend date is Wednesday, August 20th.

Barings Global Short Duration High Yield Fund Stock Performance

Shares of NYSE BGH opened at $15.19 on Friday. Barings Global Short Duration High Yield Fund has a 12 month low of $12.52 and a 12 month high of $16.34. The company has a 50-day simple moving average of $14.45 and a 200-day simple moving average of $15.21.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Barings Global Short Duration High Yield Fund stock. Royal Bank of Canada raised its holdings in shares of Barings Global Short Duration High Yield Fund (NYSE:BGH) by 12.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,354 shares of the company’s stock after buying an additional 7,000 shares during the period. Royal Bank of Canada’s holdings in Barings Global Short Duration High Yield Fund were worth $943,000 at the end of the most recent reporting period.

Barings Global Short Duration High Yield Fund Company Profile

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.