Barings Corporate Investors (NYSE:MCI – Get Free Report) announced a quarterly dividend on Thursday, August 15th, Wall Street Journal reports. Shareholders of record on Monday, August 26th will be given a dividend of 0.40 per share by the financial services provider on Friday, September 13th. This represents a $1.60 annualized dividend and a yield of 8.51%. The ex-dividend date is Monday, August 26th. This is a boost from Barings Corporate Investors’s previous quarterly dividend of $0.39.
Barings Corporate Investors has increased its dividend by an average of 13.9% per year over the last three years.
Barings Corporate Investors Trading Up 1.0 %
Shares of MCI opened at $18.80 on Friday. The company has a 50-day moving average of $18.35 and a two-hundred day moving average of $18.12. Barings Corporate Investors has a one year low of $14.54 and a one year high of $19.24.
Barings Corporate Investors Company Profile
Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations.
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