Barings Corporate Investors (MCI) will issue a quarterly dividend of $0.40 on September 13th

Barings Corporate Investors (NYSE:MCI – Get Free Report ) declared a quarterly dividend on Thursday, August 15th, Wall Street Journal reports. Investors of record on Monday, August 26th will be given a dividend of 0.40 per share by the financial services provider on Friday, September 13th. This represents an annualized dividend of $1.60 and a yield of 8.75%. The ex-dividend date is Monday, August 26. This is a positive change from Barings Corporate Investors’ previous quarterly dividend of $0.39.

Barings Corporate Investors has increased its dividend payout by an average of 13.9% annually over the past three years.

Barings Corporate Investors rose 0.9%

Shares of MCI stock opened at $18.29 on Friday. Barings Corporate Investors has a 52-week low of $14.36 and a 52-week high of $19.24. The company’s fifty day moving average is $18.29, and its two hundred day moving average is $18.11.

Barings Corporate Investors Company Profile

(Get a free report)

Babson Capital Corporate Investors Trust is a closed-end fixed income mutual fund launched and managed by Barings LLC. Invest in US fixed income markets. The fund seeks to invest in securities of companies operating in diversified sectors. It invests primarily in a portfolio of long-term, privately placed, sub-investment grade corporate debt.

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