Barings Global Short Duration High Yield Fund (NYSE:BGH) Declares 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 dividend on an annualized basis and a yield of 9.22%. The ex-dividend date of this dividend is Thursday, June 20th.

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

Barings Global Short Duration High Yield Fund Stock Performance

NYSE:BGH opened at $13.74 on Tuesday. The company’s 50-day moving average is $14.18 and its two-hundred day moving average is $13.46. Barings Global Short Duration High Yield Fund has a 12-month low of $11.92 and a 12-month high of $14.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new position in Barings Global Short Duration High Yield Fund during the fourth quarter worth approximately $171,000. Envestnet Asset Management Inc. raised its stake in Barings Global Short Duration High Yield Fund by 4.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 86,750 shares of the company’s stock worth $1,166,000 after purchasing an additional 3,825 shares during the period. Comerica Bank purchased a new position in Barings Global Short Duration High Yield Fund during the third quarter worth approximately $160,000. Royal Bank of Canada raised its stake 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 purchasing an additional 8,417 shares during the period. Finally, UBS Group AG raised its stake 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 worth $313,000 after purchasing 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.