Invesco Bond Income Plus (LON:BIPS) Shares Down 0.3% – Here’s What Happened

Invesco Bond Income Plus Limited (LON:BIPS)’s share price dropped 0.3% during trading on Thursday . The company traded as low as GBX 170.50 ($2.21) and last traded at GBX 171 ($2.22). Approximately 426,752 shares traded hands during trading, an increase of 41% from the average daily volume of 302,111 shares. The stock had previously closed at GBX 171.50 ($2.22).

Invesco Bond Income Plus Price Performance

The stock has a market capitalization of £341.06 million, a price-to-earnings ratio of 855.00 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. The business’s 50 day simple moving average is GBX 172.66 and its 200-day simple moving average is GBX 171.23.

Invesco Bond Income Plus Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be issued a dividend of GBX 2.88 ($0.04) per share. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 1.66%. Invesco Bond Income Plus’s dividend payout ratio (DPR) is currently 6,000.00%.

Insider Buying and Selling at Invesco Bond Income Plus

In related news, insider Heather MacCallum acquired 8,000 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was acquired at an average cost of GBX 174 ($2.26) per share, for a total transaction of £13,920 ($18,052.13). Company insiders own 0.03% of the company’s stock.

Invesco Bond Income Plus Company Profile

Invesco Bond Income Plus Limited is a closed-ended fixed income mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in fixed income markets across the globe. It primarily invests in high yield fixed income securities including preference shares, convertible and redeemable loan stocks, corporate bonds, and government bonds.