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

Invesco Bond Income Plus Limited (LON:BIPS)’s stock price fell 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). 426,752 shares were traded during mid-day trading, an increase of 41% from the average session volume of 302,111 shares. The stock had previously closed at GBX 171.50 ($2.22).

Invesco Bond Income Plus Stock Performance

The company has a market cap of £336.72 million, a P/E ratio of 844.12 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 stock’s 50-day moving average price is GBX 172.59 and its 200 day moving average price is GBX 171.20.

Invesco Bond Income Plus Announces Dividend

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

Insider Activity

In other news, insider Heather MacCallum purchased 8,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were bought at an average price of GBX 174 ($2.26) per share, with a total value of £13,920 ($18,052.13). 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.