Bluefield Solar Income Fund (LON:BSIF) Shares Pass Above 50 Day Moving Average – Time to Sell?

Bluefield Solar Income Fund (LON:BSIF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 106.56 ($1.38) and traded as high as GBX 107.60 ($1.40). Bluefield Solar Income Fund shares last traded at GBX 105 ($1.36), with a volume of 2,161,118 shares.

Bluefield Solar Income Fund Stock Performance

The firm has a market cap of £628.91 million, a P/E ratio of 347.83 and a beta of 0.14. The stock has a fifty day simple moving average of GBX 106.46 and a 200 day simple moving average of GBX 106.33.

Bluefield Solar Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 10th will be paid a GBX 2.20 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 2%. Bluefield Solar Income Fund’s dividend payout ratio (DPR) is currently 3,000.00%.

About Bluefield Solar Income Fund

Bluefield Solar Income Fund Ltd. is a close ended balanced mutual fund launched by Numis Securities Limited. The fund is managed by Bluefield Partners LLP. It invests the United Kingdom. The fund primarily invests in large-scale, long-life solar photovoltaic energy infrastructure assets with a focus on utility-scale assets and portfolios on greenfield, industrial and commercial sites through equity and/or debt instruments.