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

Shares of Invesco Bond Income Plus Limited (LON:BIPS) traded down 0.3% during mid-day 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 changed hands 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 Trading Down 1.3 %

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 has a 50 day moving average price of GBX 172.59 and a 200-day moving average price of GBX 171.20. The firm has a market cap of £336.72 million, a price-to-earnings ratio of 844.12 and a beta of 0.40.

Invesco Bond Income Plus Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be issued 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 payout ratio is 6,000.00%.

Insiders Place Their Bets

In other news, insider Heather MacCallum bought 8,000 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was bought at an average cost of GBX 174 ($2.26) per share, for a total transaction of £13,920 ($18,052.13). Corporate 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.