Barings Corporate Investors (NYSE:MCI – Get Free Report) declared a — dividend on Thursday, December 12th,Wall Street Journal reports. Shareholders 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 yield of 8%. The ex-dividend date of this dividend is Monday, December 30th.
Barings Corporate Investors has raised its dividend payment by an average of 13.9% annually over the last three years.
Barings Corporate Investors Trading Up 0.5 %
NYSE:MCI opened at $20.00 on Friday. The company’s fifty day moving average price is $19.66 and its 200-day moving average price is $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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