Barings Corporate Investors Plans Quarterly Dividend of $0.40 (NYSE:MCI)

Key Points

• Barings Corporate Investors announced a quarterly dividend of $0.40 per share, payable to investors of record on August 29th, with payment scheduled for September 12th.
• The dividend represents an annualized yield of 7.9%, reflecting the company's commitment to returning capital to shareholders.
• As of today, shares of Barings Corporate Investors (NYSE:MCI) opened at $20.30, having a 52-week trading range of $17.73 to $25.24.

Barings Corporate Investors (NYSE:MCI - Get Free Report) announced a quarterly dividend on Thursday, August 14th, RTT News reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.40 per share by the financial services provider on Friday, September 12th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, August 29th.

Barings Corporate Investors Stock Performance

Shares of MCI stock traded down $0.0590 on Wednesday, reaching $20.6910. 14,501 shares of the stock were exchanged, compared to its average volume of 40,219. The business's 50 day moving average price is $20.99 and its 200 day moving average price is $20.89. Barings Corporate Investors has a twelve month low of $18.00 and a twelve month high of $25.24.

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.