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

Barings Global Short Duration High Yield Fund (NYSE:BGH) declared a monthly dividend on Monday, April 15th, Wall Street Journal reports. Shareholders of record on Thursday, June 20th will be given a dividend of 0.1056 per share on Monday, July 1st. This represents a $1.27 annualized dividend and a dividend yield of 9.17%. The ex-dividend date is Thursday, June 20th.

Barings Global Short Duration High Yield Fund has decreased its dividend by an average of 2.6% annually over the last three years.

Barings Global Short Duration High Yield Fund Price Performance

BGH opened at $13.82 on Wednesday. The business has a fifty day simple moving average of $14.17 and a 200-day simple moving average of $13.47. Barings Global Short Duration High Yield Fund has a fifty-two week low of $11.92 and a fifty-two week high of $14.50.

Institutional Trading of Barings Global Short Duration High Yield Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Barings Global Short Duration High Yield Fund by 12.3% during the 2nd quarter. Royal Bank of Canada now owns 24,476 shares of the company’s stock worth $319,000 after purchasing an additional 2,683 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Barings Global Short Duration High Yield Fund by 10.2% during the first quarter. Stifel Financial Corp now owns 24,741 shares of the company’s stock valued at $319,000 after buying an additional 2,300 shares in the last quarter. UBS Group AG raised its position in Barings Global Short Duration High Yield Fund by 22.5% during the third quarter. UBS Group AG now owns 24,621 shares of the company’s stock valued at $313,000 after buying an additional 4,521 shares during the period. Cetera Investment Advisers lifted its stake in Barings Global Short Duration High Yield Fund by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 19,269 shares of the company’s stock worth $299,000 after acquiring an additional 1,031 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in Barings Global Short Duration High Yield Fund by 12.7% during the 2nd quarter. MML Investors Services LLC now owns 15,671 shares of the company’s stock valued at $204,000 after acquiring an additional 1,762 shares in the last quarter.

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.