Barings Corporate Investors (NYSE:MCI – Get Free Report) announced a quarterly dividend on Monday, October 12th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.40 per share by the financial services provider on Friday, November 13th. This represents a $1.60 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Monday, November 2nd.
Barings Corporate Investors Stock Down 0.4%
Shares of NYSE MCI opened at $18.59 on Tuesday. The stock has a fifty day moving average price of $18.25 and a 200 day moving average price of $17.71. Barings Corporate Investors has a 1-year low of $16.21 and a 1-year high of $21.50.
Institutional Trading of Barings Corporate Investors
Several hedge funds have recently made changes to their positions in the company. Secure Asset Management LLC lifted its position in Barings Corporate Investors by 4.0% in the second quarter. Secure Asset Management LLC now owns 208,965 shares of the financial services provider’s stock valued at $3,669,000 after purchasing an additional 8,117 shares during the period. Susquehanna International Group LLP purchased a new stake in Barings Corporate Investors in the 2nd quarter valued at approximately $214,000. Benjamin Edwards Inc. boosted its holdings in Barings Corporate Investors by 26.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 42,011 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 8,816 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in Barings Corporate Investors during the 2nd quarter worth approximately $1,651,000. Finally, Equitable Holdings Inc. acquired a new position in Barings Corporate Investors during the 2nd quarter worth approximately $1,080,000.
About Barings Corporate Investors
Barings Corporate Investors (NYSE: MCI) is a closed-end investment company that seeks to provide shareholders with current income and long-term capital appreciation. The company invests primarily in privately placed, negotiated investments in middle-market companies, including senior secured loans, subordinated debt and equity securities.
MCI focuses on partnering with established businesses across a range of industries. Its investment portfolio may include both debt and equity positions, allowing the company to participate in the financing and growth of privately held and other middle-market enterprises.
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