MVC Capital, Inc. Plans Quarterly Dividend of $0.15 (MVC)
MVC Capital, Inc. (NYSE:MVC) declared a quarterly dividend on Monday, April 16th, Wall Street Journal reports. Stockholders of record on Wednesday, April 25th will be paid a dividend of 0.15 per share by the investment management company on Monday, April 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Tuesday, April 24th.
MVC Capital has raised its dividend by an average of 0.9% annually over the last three years.
Shares of NYSE MVC opened at $9.99 on Tuesday. MVC Capital has a twelve month low of $8.59 and a twelve month high of $10.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 41.20 and a quick ratio of 41.20.
MVC has been the topic of a number of research analyst reports. Zacks Investment Research downgraded MVC Capital from a “hold” rating to a “sell” rating in a research note on Friday, March 23rd. Maxim Group restated a “buy” rating and issued a $12.50 target price on shares of MVC Capital in a research note on Thursday, March 15th. Ladenburg Thalmann started coverage on MVC Capital in a research note on Thursday, January 11th. They issued a “buy” rating and a $12.00 price objective on the stock. ValuEngine downgraded MVC Capital from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, TheStreet downgraded MVC Capital from a “b” rating to a “c+” rating in a research note on Friday, December 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. MVC Capital currently has an average rating of “Hold” and a consensus price target of $12.25.
In other news, Chairman Michael T. Tokarz acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The shares were acquired at an average price of $10.12 per share, for a total transaction of $25,300.00. Following the completion of the purchase, the chairman now owns 943,543 shares in the company, valued at $9,548,655.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael T. Tokarz acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The stock was purchased at an average price of $9.99 per share, for a total transaction of $199,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 50,889 shares of company stock worth $515,128. 10.91% of the stock is owned by company insiders.
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About MVC Capital
MVC Capital, Inc is a non-diversified closed-end management investment company. The Company’s investment objective is to seek to maximize total return from capital appreciation and/or income. The Company’s segments are its investing operations as a business development company, which includes MVC Cayman and MVC Turf, LLC and MVC Financial Services, Inc (MVCFS).
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