MVC Capital Inc. (NYSE:MVC) announced 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.
Shares of MVC Capital (NYSE:MVC) opened at 8.56 on Friday. The stock has a 50 day moving average price of $8.27 and a 200-day moving average price of $7.97. MVC Capital has a 1-year low of $6.76 and a 1-year high of $8.88.
Separately, TheStreet raised MVC Capital from a “sell” rating to a “hold” rating in a report on Thursday, September 8th.
In other MVC Capital news, Director Robert C. Knapp purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, October 12th. The shares were acquired at an average cost of $8.71 per share, with a total value of $174,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.41% of the company’s stock.
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.
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