M&G Credit Income Investment (LON:MGCI) Issues Earnings Results

M&G Credit Income Investment (LON:MGCI) released its earnings results on Friday. The company reported GBX 7.46 ($0.10) earnings per share for the quarter, Digital Look Earnings reports. M&G Credit Income Investment had a net margin of 88.81% and a return on equity of 10.78%.

M&G Credit Income Investment Stock Performance

MGCI stock opened at GBX 96.41 ($1.25) on Friday. The stock has a fifty day moving average of GBX 96.23 and a 200-day moving average of GBX 96.48. M&G Credit Income Investment has a fifty-two week low of GBX 89 ($1.15) and a fifty-two week high of GBX 100 ($1.29). The company has a market capitalization of £142.96 million, a price-to-earnings ratio of 9.19 and a beta of 0.38.

M&G Credit Income Investment Cuts Dividend

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

Insider Buying and Selling at M&G Credit Income Investment

In related news, insider Barbara Powley bought 12,000 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of GBX 96 ($1.24) per share, for a total transaction of £11,520 ($14,910.69). Insiders own 7.21% of the company’s stock.

About M&G Credit Income Investment

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.