Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Barings Corporate Investors (MCI) Share Price
Media stories about Barings Corporate Investors (NYSE:MCI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barings Corporate Investors earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 43.4908970811139 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Barings Corporate Investors (MCI) opened at $15.89 on Friday. Barings Corporate Investors has a 12-month low of $14.52 and a 12-month high of $16.36.
The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Monday, October 30th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date was Friday, October 27th.
In related news, insider Susan B. Sweeney purchased 3,500 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average cost of $15.80 per share, with a total value of $55,300.00. Following the transaction, the insider now owns 6,980 shares of the company’s stock, valued at approximately $110,284. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.
About Barings Corporate Investors
Barings Corporate Investors (the Trust), formerly Babson Capital Corporate Investors, is a closed-end management investment company. The Trust’s investment objective is to maintain a portfolio of securities providing a fixed yield and at the same time offering an opportunity for capital gains. The Trust’s principal investments are privately placed, below-investment grade, long-term debt obligations.
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