Shares of Barings Corporate Investors (NYSE:MCI – Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $18.38 and traded as high as $19.29. Barings Corporate Investors shares last traded at $19.23, with a volume of 16,648 shares traded.
Barings Corporate Investors Stock Performance
The business has a 50-day moving average price of $18.38 and a 200-day moving average price of $18.13.
Barings Corporate Investors Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 26th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 8.32%. This is a positive change from Barings Corporate Investors’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Monday, August 26th.
Institutional Trading of Barings Corporate Investors
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.
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