MVC Capital Inc. (MVC) Plans $0.14 Quarterly Dividend
MVC Capital Inc. (NYSE:MVC) declared a quarterly dividend on Friday, October 14th. Stockholders of record on Monday, October 24th will be given a dividend of 0.135 per share by the investment management company on Monday, October 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date is Thursday, October 20th.
MVC Capital (NYSE:MVC) opened at 8.56 on Friday. The stock’s 50 day moving average is $8.27 and its 200-day moving average is $7.97. MVC Capital has a 52-week low of $6.76 and a 52-week high of $8.88.
In other news, Director Robert C. Knapp acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The shares were purchased at an average price of $8.71 per share, for a total transaction of $174,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.41% of the stock is owned by corporate insiders.
Separately, TheStreet upgraded MVC Capital from a “sell” rating to a “hold” rating in a report on Thursday, September 8th.
MVC Capital Company Profile
MVC Capital, Inc (MVC Capital) is a non-diversified closed-end management investment company. MVC Financial Services, Inc (MVCFS), a subsidiary of the Company, provides services to the Company and its portfolio companies. The Company’s segments include MVC and MVCFS. The Company’s segments are its investing operations as a business development company, MVC Capital, which includes MVC Cayman and MVC Turf, LLC (MVC Turf), and MVCFS provides advisory, administrative and other services.
Receive News & Ratings for MVC Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MVC Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.