Barings Corporate Investors (NYSE:MCI) Plans Quarterly Dividend of $0.24

Barings Corporate Investors (NYSE:MCIGet Rating) declared a quarterly dividend on Friday, August 19th, Wall Street Journal reports. Shareholders of record on Monday, August 29th will be paid a dividend of 0.24 per share by the financial services provider on Friday, September 9th. This represents a $0.96 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Friday, August 26th.

Barings Corporate Investors has decreased its dividend by an average of 7.2% per year over the last three years.

Barings Corporate Investors Price Performance

Shares of MCI traded up $0.57 during midday trading on Friday, reaching $14.80. The stock had a trading volume of 23,645 shares, compared to its average volume of 20,121. Barings Corporate Investors has a 1-year low of $13.32 and a 1-year high of $16.79. The company’s fifty day simple moving average is $13.89 and its two-hundred day simple moving average is $14.54.

Institutional Investors Weigh In On Barings Corporate Investors

Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning acquired a new stake in Barings Corporate Investors during the 2nd quarter worth $27,000. Atria Wealth Solutions Inc. acquired a new stake in Barings Corporate Investors during the 1st quarter worth $183,000. Envestnet Asset Management Inc. raised its stake in Barings Corporate Investors by 4.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 19,346 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 870 shares in the last quarter. Cetera Advisor Networks LLC raised its stake in Barings Corporate Investors by 20.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 24,905 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 4,216 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Barings Corporate Investors by 3.3% during the 1st quarter. Bank of America Corp DE now owns 43,317 shares of the financial services provider’s stock worth $660,000 after acquiring an additional 1,402 shares in the last quarter.

Barings Corporate Investors Company Profile

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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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Dividend History for Barings Corporate Investors (NYSE:MCI)

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