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The Board of Trustees of Barings Participation Investors (NYSE:MPV) (the "Trust") today announced that it has declared a quarterly dividend of $0.34 per share payable on November 17, 2023, to shareholders of record on November 6, 2023.
Clifford Noreen, Chairman, stated, "We are pleased to announce an increase of $0.02 per share to the Trust's quarterly cash dividend, which represents a 6.3% increase over the previous dividend of $0.32 per share and a 70.0% increase since we started raising the dividend from $0.20 per share approximately one year ago. Significant growth in net investment income, due primarily to increases in base rates for our floating rate holdings, has led the Board of Trustees to declare the fifth consecutive increase to the quarterly dividend, further benefiting shareholders."
The Trust will report preliminary financial results for the third quarter of 2023 on November 16, 2023.
Posted In: MPV
