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

Barings Global Short Duration High Yield Fund (NYSE:BGH) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Monday, April 22nd will be given a dividend of 0.1056 per share on Wednesday, May 1st. This represents a $1.27 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date of this dividend is Friday, April 19th.

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

Barings Global Short Duration High Yield Fund Stock Up 1.1 %

NYSE BGH opened at $13.96 on Thursday. The stock’s 50-day moving average is $14.17 and its 200-day moving average is $13.47. Barings Global Short Duration High Yield Fund has a one year low of $11.92 and a one year high of $14.50.

Institutional Investors Weigh In On Barings Global Short Duration High Yield Fund

Several large investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in Barings Global Short Duration High Yield Fund by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 19,269 shares of the company’s stock worth $299,000 after purchasing an additional 1,031 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Barings Global Short Duration High Yield Fund by 16.9% in the 1st quarter. Baird Financial Group Inc. now owns 23,136 shares of the company’s stock valued at $359,000 after buying an additional 3,339 shares during the last quarter. Invesco Ltd. grew its stake in shares of Barings Global Short Duration High Yield Fund by 12.5% in the first quarter. Invesco Ltd. now owns 497,696 shares of the company’s stock valued at $7,715,000 after buying an additional 55,215 shares in the last quarter. Saba Capital Management L.P. acquired a new position in Barings Global Short Duration High Yield Fund during the first quarter worth $2,380,000. Finally, Royal Bank of Canada increased its stake in shares of Barings Global Short Duration High Yield Fund by 155.9% during the 1st quarter. Royal Bank of Canada now owns 24,879 shares of the company’s stock worth $385,000 after purchasing an additional 15,157 shares during the last quarter.

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.