Barings Corporate Investors Announces Quarterly Dividend of $0.24 (NYSE:MCI)

Barings Corporate Investors (NYSE:MCI) announced a quarterly dividend on Wednesday, October 13th, Zacks reports. Stockholders of record on Monday, November 8th will be paid a dividend of 0.24 per share by the financial services provider on Friday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend is Friday, November 5th.

Barings Corporate Investors has decreased its dividend by 20.0% over the last three years and has raised its dividend annually for the last 2 consecutive years.

Shares of Barings Corporate Investors stock opened at $15.40 on Thursday. Barings Corporate Investors has a 1-year low of $11.62 and a 1-year high of $16.30. The business has a 50-day moving average of $15.45 and a 200-day moving average of $15.10.

A number of large investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in Barings Corporate Investors by 5.6% in the second quarter. Morgan Stanley now owns 141,160 shares of the financial services provider’s stock worth $2,146,000 after purchasing an additional 7,452 shares in the last quarter. Wells Fargo & Company MN grew its stake in Barings Corporate Investors by 1.1% in the second quarter. Wells Fargo & Company MN now owns 77,796 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 850 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Barings Corporate Investors by 13.7% in the second quarter. Bank of America Corp DE now owns 45,388 shares of the financial services provider’s stock worth $690,000 after purchasing an additional 5,462 shares in the last quarter. Institutional investors and hedge funds own 17.10% of the company’s stock.

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.

See Also: Moving Average (MA)

Dividend History for Barings Corporate Investors (NYSE:MCI)

Receive News & Ratings for Barings Corporate Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings Corporate Investors and related companies with MarketBeat.com's FREE daily email newsletter.