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.
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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