Barings Corporate Investors (NYSE:MCI – Get Free Report) announced a quarterly dividend on Thursday, August 15th, Wall Street Journal reports. Stockholders of record on Monday, August 26th will be paid 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 dividend yield of 8.51%. The ex-dividend date of this dividend is Monday, August 26th. This is a positive change from Barings Corporate Investors’s previous quarterly dividend of $0.39.
Barings Corporate Investors has raised its dividend payment by an average of 13.9% annually over the last three years.
Barings Corporate Investors Stock Up 1.0 %
Shares of MCI opened at $18.80 on Friday. Barings Corporate Investors has a 52-week low of $14.54 and a 52-week high of $19.24. The stock has a 50 day moving average price of $18.35 and a 200 day moving average price of $18.12.
About Barings Corporate Investors
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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