Barings Corporate Investors (NYSE:MCI) Announces Quarterly Dividend of $0.40

Barings Corporate Investors (NYSE:MCI) declared a quarterly dividend on Thursday, August 13th. Investors of record on Friday, August 28th will be paid a dividend of 0.40 per share by the financial services provider on Friday, September 11th. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date is Friday, August 28th.

Barings Corporate Investors Stock Performance

MCI stock opened at $16.67 on Friday. The business has a 50 day moving average price of $17.09 and a two-hundred day moving average price of $18.23. Barings Corporate Investors has a twelve month low of $16.21 and a twelve month high of $23.00.

Hedge Funds Weigh In On Barings Corporate Investors

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in Barings Corporate Investors by 703.5% during the first quarter. Jones Financial Companies Lllp now owns 22,217 shares of the financial services provider’s stock worth $521,000 after buying an additional 19,452 shares during the last quarter. Invesco Ltd. lifted its stake in Barings Corporate Investors by 0.9% in the second quarter. Invesco Ltd. now owns 237,886 shares of the financial services provider’s stock valued at $5,153,000 after acquiring an additional 2,072 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Barings Corporate Investors by 16.3% in the 2nd quarter. Raymond James Financial Inc. now owns 58,794 shares of the financial services provider’s stock valued at $1,273,000 after acquiring an additional 8,252 shares during the period. MGB Wealth Management LLC grew its position in shares of Barings Corporate Investors by 19.8% in the 2nd quarter. MGB Wealth Management LLC now owns 21,167 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 3,493 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Barings Corporate Investors by 2.0% during the 2nd quarter. Bank of America Corp DE now owns 38,320 shares of the financial services provider’s stock worth $830,000 after purchasing an additional 735 shares during the last quarter.

About Barings Corporate Investors

Barings Corporate Investors (NYSE: MCI) is a closed-end management investment company that seeks to provide investors with high current income and capital preservation. The fund primarily invests in a diversified portfolio of corporate debt securities and loans, focusing on investment-grade and below investment-grade credit issued by U.S. and international companies.

The fund’s investment strategy centers on identifying opportunities across the corporate credit spectrum, including senior secured loans, high-yield bonds, and other fixed-income instruments.