Barings Corporate Investors (NYSE:MCI – Get Free Report) declared a — dividend on Friday, December 13th,Wall Street Journal reports. Shareholders of record on Monday, December 30th will be paid 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 increased its dividend payment by an average of 13.9% per year over the last three years.
Barings Corporate Investors Price Performance
Shares of MCI traded up $0.10 during trading hours on Friday, reaching $20.00. The stock had a trading volume of 28,729 shares, compared to its average volume of 31,678. The firm has a 50-day simple moving average of $19.66 and a 200 day simple moving average of $18.83. Barings Corporate Investors has a 12 month low of $16.86 and a 12 month 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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