Barings Corporate Investors to Issue Quarterly Dividend of $0.30 (MCI)
Barings Corporate Investors (NYSE:MCI) declared a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Investors of record on Monday, October 30th will be given a dividend of 0.30 per share by the financial services provider on Friday, November 10th. This represents a $1.20 annualized dividend and a yield of 7.61%. The ex-dividend date of this dividend is Friday, October 27th.
Barings Corporate Investors (NYSE MCI) remained flat at $15.76 on Monday. The company had a trading volume of 13,814 shares. The firm’s 50 day moving average is $15.86 and its 200 day moving average is $15.50. Barings Corporate Investors has a 12 month low of $14.52 and a 12 month high of $17.89.
In other news, insider Robert Eugene Joyal sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $15.62, for a total value of $156,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
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Barings Corporate Investors Company Profile
Barings Corporate Investors (the Trust), formerly Babson Capital Corporate Investors, is a closed-end management investment company. The Trust’s investment objective is to maintain a portfolio of securities providing a fixed yield and at the same time offering an opportunity for capital gains. The Trust’s principal investments are privately placed, below-investment grade, long-term debt obligations.
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