Barings Corporate Investors Reports Preliminary Q1 2023 Results; Increases Quarterly Cash Dividend From $0.28 To $0.32/Share
Portfolio Pulse from Happy Mohamed
Barings Corporate Investors (NYSE:MCI) reports preliminary Q1 2023 results, with net investment income of $8.6 million ($0.43 per share) and a net increase in net assets resulting from operations of $9.8 million ($0.48 per share). The Board of Trustees has increased the quarterly cash dividend from $0.28 to $0.32 per share.
May 18, 2023 | 5:11 pm
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Barings Corporate Investors reports Q1 2023 results with increased net investment income and raises quarterly cash dividend from $0.28 to $0.32 per share.
Barings Corporate Investors (MCI) reported strong Q1 2023 results, with net investment income increasing to $8.6 million ($0.43 per share) and a net increase in net assets resulting from operations of $9.8 million ($0.48 per share). The Board of Trustees has also increased the quarterly cash dividend from $0.28 to $0.32 per share, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100