MVC Capital, Inc. (MVC) To Go Ex-Dividend on October 23rd

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.

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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).

Dividend History for MVC Capital (NYSE:MVC)

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