Invesco Bond Income Plus (LON:BIPS) Trading Down 2% – Should You Sell?

Shares of Invesco Bond Income Plus Limited (LON:BIPS) traded down 2% on Wednesday . The company traded as low as GBX 164 ($2.03) and last traded at GBX 170 ($2.10). 483,635 shares were traded during trading, an increase of 19% from the average session volume of 404,992 shares. The stock had previously closed at GBX 173.50 ($2.14).

Invesco Bond Income Plus Stock Down 2.0 %

The firm has a 50-day moving average of GBX 170.28 and a two-hundred day moving average of GBX 171.30. The stock has a market capitalization of £339.07 million, a price-to-earnings ratio of 850.00 and a beta of 0.40. The company has a quick ratio of 0.09, a current ratio of 0.31 and a debt-to-equity ratio of 12.95.

Invesco Bond Income Plus Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, January 16th will be issued a GBX 2.88 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.72%. Invesco Bond Income Plus’s dividend payout ratio is 6,000.00%.

Invesco Bond Income Plus Company Profile

Managed by Rhys Davies and Edward Craven, the Company’s investment objective is to seek to obtain both high income and capital growth from investment, predominantly in high-yielding fixed-interest securities.