Dunedin Income Growth Investment Trust (LON:DIG) Stock Passes Below Fifty Day Moving Average of $283.44

Dunedin Income Growth Investment Trust PLC (LON:DIG) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 283.44 ($3.60) and traded as low as GBX 278 ($3.53). Dunedin Income Growth Investment Trust shares last traded at GBX 280 ($3.56), with a volume of 261,178 shares.

Dunedin Income Growth Investment Trust Price Performance

The firm has a market cap of £404.01 million, a P/E ratio of 1,866.67 and a beta of 0.71. The company has a debt-to-equity ratio of 9.66, a current ratio of 1.10 and a quick ratio of 0.82. The company’s 50-day moving average is GBX 283.44 and its two-hundred day moving average is GBX 278.72.

Dunedin Income Growth Investment Trust Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 2nd were issued a GBX 4.15 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a dividend yield of 1.5%. This is a boost from Dunedin Income Growth Investment Trust’s previous dividend of $3.20. Dunedin Income Growth Investment Trust’s dividend payout ratio is 9,333.33%.

Dunedin Income Growth Investment Trust Company Profile

Dunedin Income Growth Investment Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. The fund is co-managed by Aberdeen Asset Managers Limited. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.