Barings Corporate Investors (NYSE:MCI) Raises Dividend to $0.39 Per Share

Barings Corporate Investors (NYSE:MCI - Get Free Report) declared a quarterly dividend on Thursday, May 16th, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.39 per share by the financial services provider on Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Barings Corporate Investors's previous quarterly dividend of $0.38.

Barings Corporate Investors has increased its dividend payment by an average of 13.9% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.

Barings Corporate Investors Stock Down 0.1 %

Shares of NYSE:MCI traded down $0.01 during trading on Friday, reaching $17.62. The stock had a trading volume of 26,871 shares, compared to its average volume of 36,889. The firm's 50-day simple moving average is $17.94 and its 200 day simple moving average is $17.75. Barings Corporate Investors has a one year low of $13.02 and a one year high of $19.24.

Barings Corporate Investors Company Profile

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.