Barings Corporate Investors (NYSE:MCI – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.10 and traded as low as $18.00. Barings Corporate Investors shares last traded at $18.06, with a volume of 27,897 shares.
Barings Corporate Investors Stock Performance
The firm has a 50 day simple moving average of $18.34 and a 200-day simple moving average of $18.10.
Barings Corporate Investors Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.86%. The ex-dividend date of this dividend is Monday, August 26th. This is a boost from Barings Corporate Investors’s previous quarterly dividend of $0.39.
Hedge Funds Weigh In On 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.
Featured Stories
- Five stocks we like better than Barings Corporate Investors
- Using the MarketBeat Dividend Yield Calculator
- The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
- Why Are These Companies Considered Blue Chips?
- Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes
- The Role Economic Reports Play in a Successful Investment Strategy
- Five Below Stock Faces Challenges Despite Strong Revenue Growth
Receive News & Ratings for Barings Corporate Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings Corporate Investors and related companies with MarketBeat.com's FREE daily email newsletter.