Babson Capital Glbl Shrt Drtn Hgh Yld Fd CEO Acquires $46,400 in Stock (BGH)
Babson Capital Glbl Shrt Drtn Hgh Yld Fd (NYSE:BGH) CEO Thomas F. Finke acquired 2,000 shares of the company’s stock on the open market in a transaction dated Friday, August 8th. The shares were purchased at an average price of $23.20 per share, with a total value of $46,400.00. Following the transaction, the chief executive officer now directly owns 27,000 shares of the company’s stock, valued at approximately $626,400. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Shares of Babson Capital Glbl Shrt Drtn Hgh Yld Fd (NYSE:BGH) traded up 0.73% during mid-day trading on Monday, hitting $23.4499. 47,536 shares of the company’s stock traded hands. Babson Capital Glbl Shrt Drtn Hgh Yld Fd has a 52 week low of $22.30 and a 52 week high of $24.71. The stock has a 50-day moving average of $24.13 and a 200-day moving average of $24.13.
The company also recently announced a monthly dividend, which is scheduled for Monday, November 3rd. Shareholders of record on Thursday, October 23rd will be paid a dividend of $0.1677 per share. This represents a $2.01 annualized dividend and a dividend yield of 8.64%. The ex-dividend date is Tuesday, October 21st.
Babson Capital Global Short Duration High Yield Fund (NYSE:BGH), formerly Babson Capital Global Floating Rate & Income Fund, is an organized, non-diversified, closed-end management investment company.
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