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

Barings Global Short Duration High Yield Fund (NYSE:BGH) declared a monthly dividend on Wednesday, September 13th, Wall Street Journal reports. Investors of record on Tuesday, November 21st will be given a dividend of 0.1056 per share on Friday, December 1st. This represents a $1.27 annualized dividend and a dividend yield of 9.71%. The ex-dividend date of this dividend is Monday, November 20th.

Barings Global Short Duration High Yield Fund has decreased its dividend payment by an average of 10.7% per year over the last three years.

Barings Global Short Duration High Yield Fund Price Performance

NYSE BGH opened at $13.05 on Friday. Barings Global Short Duration High Yield Fund has a twelve month low of $11.92 and a twelve month high of $14.06. The stock has a 50-day simple moving average of $12.62 and a 200 day simple moving average of $12.97.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC bought a new position in Barings Global Short Duration High Yield Fund during the first quarter valued at about $28,000. Money Concepts Capital Corp bought a new position in Barings Global Short Duration High Yield Fund during the fourth quarter valued at about $46,000. Rockefeller Capital Management L.P. bought a new stake in shares of Barings Global Short Duration High Yield Fund in the 2nd quarter valued at approximately $102,000. Cetera Advisor Networks LLC bought a new stake in shares of Barings Global Short Duration High Yield Fund in the 4th quarter valued at approximately $140,000. Finally, MML Investors Services LLC grew its stake in shares of Barings Global Short Duration High Yield Fund by 12.7% in the 2nd quarter. MML Investors Services LLC now owns 15,671 shares of the company’s stock valued at $204,000 after purchasing an additional 1,762 shares during the period.

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.