Barings Participation Investors (MPV)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Barings Participation Investors trades at USD15.55, close to the USD15.29 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 60 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 12.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
MPV dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.370 | 1 |
| 2025 | USD1.48 | 4 |
| 2024 | USD1.57 | 4 |
| 2023 | USD1.29 | 4 |
| 2022 | USD0.860 | 4 |
| 2021 | USD0.800 | 4 |
| 2020 | USD0.800 | 4 |
| 2019 | USD1.08 | 4 |
| 2018 | USD1.08 | 4 |
| 2017 | USD1.08 | 4 |
| 2016 | USD1.08 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Barings Participation Investors
Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers. The fund also seeks to invest in warrants, conversion rights, or other equity related instruments. It benchmarks the performance of its portfolio against Standard and Poor's Industrials Composite, Russell 2000 Index, Lehman Brothers U.S. High Yield Index, and Lehman Brothers Intermediate U.S. Credit Index. The fund was formerly known as Babson Capital Participation Investors. Barings Participation Investors was formed on April 7, 1988 and is domiciled in the United States.
MPV passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Barings Participation Investors (MPV) undervalued?
Against our discounted cash flow estimate of USD15.29, MPV at USD15.55 is 2% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is MPV's P/E ratio?
MPV trades at 12.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Barings Participation Investors (MPV) pay a dividend?
Yes. Barings Participation Investors yields 9.31% at the current share price. It has paid USD1.48 per share over the trailing twelve months. It has paid a dividend in each of the last 38 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.