Sequoia Economic Infrastructure (LON:SEQI) Shares Pass Above 50 Day Moving Average – Here’s Why

Sequoia Economic Infrastructure Inc (LON:SEQI) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 78.38 ($0.98) and traded as high as GBX 79.30 ($0.99). Sequoia Economic Infrastructure shares last traded at GBX 78 ($0.97), with a volume of 1,782,636 shares.

Sequoia Economic Infrastructure Trading Up 0.6 %

The firm has a market capitalization of £1.32 billion and a PE ratio of -7,843.90. The company has a fifty day moving average price of GBX 78.38 and a two-hundred day moving average price of GBX 78.85.

Sequoia Economic Infrastructure (LON:SEQI) last posted its earnings results on Thursday, December 5th. The company reported GBX 4.26 ($0.05) earnings per share for the quarter.

Sequoia Economic Infrastructure Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, January 30th will be issued a GBX 1.72 ($0.02) dividend. This represents a dividend yield of 2.18%. The ex-dividend date is Thursday, January 30th. Sequoia Economic Infrastructure’s payout ratio is currently -70,000.00%.

About Sequoia Economic Infrastructure

Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment.