Babson Capital Participation Investors Announces Quarterly Dividend of $0.27 (MPV)
Babson Capital Participation Investors (NYSE:MPV) announced a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Stockholders of record on Monday, October 30th will be paid a dividend of 0.27 per share by the financial services provider on Friday, November 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date is Friday, October 27th.
Shares of Babson Capital Participation Investors (MPV) traded down 0.07% during trading on Monday, hitting $14.75. The stock had a trading volume of 9,800 shares. Babson Capital Participation Investors has a 52 week low of $13.82 and a 52 week high of $15.69. The firm has a 50-day moving average price of $14.65 and a 200 day moving average price of $14.38.
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In other news, insider Robert Eugene Joyal sold 3,513 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $14.39, for a total value of $50,552.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.
About Babson Capital Participation Investors
Babson Capital Participation Investors (the Trust) is a closed-end management investment company. The Trust’s investment objective is to maximize total return by providing a high level of current income, the potential for growth of income, and capital appreciation. The Trust’s principal investments are privately placed, below-investment grade, long-term debt obligations purchased directly from their issuers.
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