M&G Credit Income Investment (LON:MGCI) Shares Down 1.9% – Here’s Why

M&G Credit Income Investment (LON:MGCI)’s share price fell 1.9% on Wednesday . The stock traded as low as GBX 95.20 ($1.23) and last traded at GBX 95.20 ($1.23). 293,009 shares changed hands during trading, a decline of 5% from the average session volume of 308,975 shares. The stock had previously closed at GBX 97 ($1.26).

M&G Credit Income Investment Stock Down 1.9 %

The company has a market cap of £141.16 million, a price-to-earnings ratio of 9.08 and a beta of 0.38. The company’s fifty day moving average price is GBX 96.37 and its two-hundred day moving average price is GBX 96.36.

M&G Credit Income Investment Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 30th were given a GBX 2.09 ($0.03) dividend. The ex-dividend date was Thursday, January 30th. This represents a yield of 2.14%. M&G Credit Income Investment’s payout ratio is 76.27%.

M&G Credit Income Investment Company Profile

M&G Credit Income Investment Trust plc invests in a portfolio of public and private debt and debt-like instruments. The company was incorporated in 2018 and is based in London, the United Kingdom.