Barings Corporate Investors (NYSE:MCI – Get Free Report) declared a — dividend on Thursday, December 12th,Wall Street Journal reports. Stockholders of record on Monday, December 30th will be given a dividend of 0.10 per share by the financial services provider on Friday, January 17th. This represents a dividend yield of 8%. The ex-dividend date is Monday, December 30th.
Barings Corporate Investors has increased its dividend by an average of 13.9% per year over the last three years.
Barings Corporate Investors Price Performance
Shares of NYSE MCI traded up $0.10 during mid-day trading on Friday, hitting $20.00. 28,729 shares of the company were exchanged, compared to its average volume of 31,678. The stock has a 50 day simple moving average of $19.66 and a 200-day simple moving average of $18.83. Barings Corporate Investors has a 1-year low of $16.86 and a 1-year high of $20.48.
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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