MVC Capital, Inc. (NYSE:MVC) declared a quarterly dividend on Tuesday, October 10th, Wall Street Journal reports. Stockholders of record on Tuesday, October 24th will be paid a dividend of 0.15 per share by the investment management company on Tuesday, October 31st. This represents a $0.60 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Monday, October 23rd. This is a boost from MVC Capital’s previous quarterly dividend of $0.14.
MVC Capital (NYSE MVC) opened at 10.25 on Wednesday. The stock’s 50 day moving average is $10.13 and its 200 day moving average is $9.69. MVC Capital has a 52 week low of $8.22 and a 52 week high of $10.47.
MVC Capital announced that its board has approved a stock repurchase plan on Friday, July 21st that allows the company to repurchase $15.00 million in outstanding shares. This repurchase authorization allows the investment management company to purchase shares of its stock through a dutch auction. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
TRADEMARK VIOLATION WARNING: This piece was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://sportsperspectives.com/2017/10/18/mvc-capital-inc-mvc-to-go-ex-dividend-on-october-23rd.html.
Separately, Maxim Group assumed coverage on shares of MVC Capital in a report on Thursday, October 12th. They issued a “buy” rating and a $12.50 price objective on the stock.
MVC Capital Company Profile
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).
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.