Invesco Bond Income Plus (LON:BIPS) Trading 1.2% Higher – Time to Buy?

Invesco Bond Income Plus Limited (LON:BIPS)’s stock price rose 1.2% during mid-day trading on Monday . The stock traded as high as GBX 173.83 ($2.19) and last traded at GBX 173.50 ($2.19). Approximately 301,495 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 313,510 shares. The stock had previously closed at GBX 171.50 ($2.16).

Invesco Bond Income Plus Price Performance

The business has a fifty day moving average price of GBX 171.56 and a 200 day moving average price of GBX 171.48. The company has a debt-to-equity ratio of 12.95, a current ratio of 0.31 and a quick ratio of 0.09. The company has a market capitalization of £352.33 million, a price-to-earnings ratio of 8.89 and a beta of 0.40.

Invesco Bond Income Plus Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, January 16th were paid a dividend of GBX 2.88 ($0.04) per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 1.72%. Invesco Bond Income Plus’s payout ratio is 61.45%.

About Invesco Bond Income Plus

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.