Dunedin Income Growth Investment Trust (LON:DIG) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Dunedin Income Growth Investment Trust PLC (LON:DIG)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 281.18 ($3.62) and traded as low as GBX 273 ($3.51). Dunedin Income Growth Investment Trust shares last traded at GBX 274 ($3.53), with a volume of 141,481 shares traded.

Dunedin Income Growth Investment Trust Stock Performance

The firm has a market capitalization of £389.05 million, a price-to-earnings ratio of 1,826.67 and a beta of 0.73. The firm’s 50-day moving average price is GBX 280.96 and its two-hundred day moving average price is GBX 283.94. The company has a debt-to-equity ratio of 9.66, a quick ratio of 0.82 and a current ratio of 1.10.

Dunedin Income Growth Investment Trust Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be issued a dividend of GBX 3.20 ($0.04) per share. This represents a yield of 1.13%. The ex-dividend date is Thursday, October 31st. Dunedin Income Growth Investment Trust’s payout ratio is 9,333.33%.

About Dunedin Income Growth Investment Trust

Dunedin Income Growth Investment Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. The fund is co-managed by Aberdeen Asset Managers Limited. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.