Streetbeat News

MCI

Barings Corporate Investors

https://www.babsoncapital.com/Strategies/Trusts/MCI/Default.aspx

Industry

Asset Management

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. The fund also invests in marketable investment grade debt securities, other marketable debt securities, and marketable common stocks. It was formerly known as Babson Capital Corporate Investors. Babson Capital Corporate Investors trust was formed in 1971 and is domiciled in the United States.

Open

20.00

Mkt cap

407M

Volume

29K

High

20.00

P/E Ratio

11.36

52-wk high

20.48

Low

19.72

Div yield

0.08

52-wk low

16.91

Barings Corporate Investors (MCI) has been downgraded to a hold due to its premium to NAV and expected future interest rate cuts. MCI's portfolio, mainly in floating-rate debt, may face reduced net investment income. However, its diverse portfolio and low non-accruals suggest stability.

Portfolio Pulse from

December 03, 2024 | 12:00 pm

Barings Corporate Investors reported a net investment income of $8.6 million for Q2 2024, up from $8.07 million in Q1. The company also increased its quarterly dividend from $0.39 to $0.40 per share.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:36 pm

Barings Corporate Investors has announced an increase in its quarterly dividend from $0.38 to $0.39 per share.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 7:07 pm

Barings Corporate Investors (MCI) has announced an increase in its quarterly cash dividend from $0.37 to $0.38 per share, marking the sixth consecutive increase. The hike is attributed to significant growth in net investment income, driven by higher base rates for floating rate holdings and strong credit selection.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:25 pm

Barings Corporate Investors has increased its quarterly dividend by 5.7% from $0.35 to $0.37 per share. The dividend will be payable on November 17, 2023, to shareholders of record on November 6, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:02 pm

Barings Corporate (NYSE:MCI) has announced a quarterly dividend of 35 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 35 cents lower to reflect the payout. Shareholders owning MCI by the end of Thursday's session are eligible for the dividend, which will be paid out on September 08, 2023.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:45 pm

Barrings has reported a net investment income of $7.7 million for Q2 2023.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 6:18 pm

Monday is the last day for investors to buy Barings Corporate (NYSE:MCI) shares to be eligible for the next dividend payout of 32 cents per share. The stock will go ex-dividend on Tuesday, and the dividend will be paid out on June 9, 2023.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 2:52 pm

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.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 5:11 pm

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