Barings Global Short Duration High Yield Fund (BGH) to Issue Monthly Dividend of $0.11 on May 1st

Barings Global Short Duration High Yield Fund (NYSE:BGH) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Monday, April 22nd will be paid a dividend of 0.1056 per share on Wednesday, May 1st. This represents a $1.27 annualized dividend and a dividend yield of 9.17%. The ex-dividend date is Friday, April 19th.

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 Price Performance

Shares of BGH opened at $13.82 on Wednesday. Barings Global Short Duration High Yield Fund has a 1-year low of $11.92 and a 1-year high of $14.50. The firm has a fifty day moving average price of $14.17 and a 200 day moving average price of $13.47.

Hedge Funds Weigh In On Barings Global Short Duration High Yield Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. purchased a new position in Barings Global Short Duration High Yield Fund during the 4th quarter worth $171,000. Envestnet Asset Management Inc. lifted its position in Barings Global Short Duration High Yield Fund by 4.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 86,750 shares of the company’s stock valued at $1,166,000 after purchasing an additional 3,825 shares during the period. Comerica Bank acquired a new position in Barings Global Short Duration High Yield Fund during the 3rd quarter worth approximately $160,000. Royal Bank of Canada boosted its holdings in Barings Global Short Duration High Yield Fund by 34.4% during the third quarter. Royal Bank of Canada now owns 32,893 shares of the company’s stock worth $418,000 after buying an additional 8,417 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Barings Global Short Duration High Yield Fund by 22.5% during the 3rd quarter. UBS Group AG now owns 24,621 shares of the company’s stock valued at $313,000 after acquiring an additional 4,521 shares during the 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.