Barings Global Short Duratin Hgh Yld Fnd (NYSE:BGH) to Issue Monthly Dividend of $0.15
Barings Global Short Duratin Hgh Yld Fnd (NYSE:BGH) declared a monthly dividend on Tuesday, June 11th, Wall Street Journal reports. Shareholders of record on Thursday, August 22nd will be paid a dividend of 0.1482 per share on Monday, September 2nd. This represents a $1.78 annualized dividend and a yield of 9.81%. The ex-dividend date of this dividend is Wednesday, August 21st.
Barings Global Short Duratin Hgh Yld Fnd has decreased its dividend payment by an average of 8.3% annually over the last three years.
Barings Global Short Duratin Hgh Yld Fnd stock traded up $0.07 during midday trading on Wednesday, hitting $18.12. 700 shares of the company’s stock were exchanged, compared to its average volume of 76,600. Barings Global Short Duratin Hgh Yld Fnd has a 12-month low of $15.13 and a 12-month high of $19.95.
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.
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