Value and Indexed Property Income (LON:VIP) Shares Cross Above 50 Day Moving Average – Here’s Why

Value and Indexed Property Income (LON:VIP)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 186.32 ($2.43) and traded as high as GBX 189 ($2.46). Value and Indexed Property Income shares last traded at GBX 184 ($2.40), with a volume of 261 shares traded.

Value and Indexed Property Income Trading Down 0.5 %

The firm has a 50 day moving average of GBX 186.08 and a 200-day moving average of GBX 186.90. The firm has a market capitalization of £77.68 million, a P/E ratio of -1,016.67 and a beta of 0.98. The company has a quick ratio of 22.47, a current ratio of 0.99 and a debt-to-equity ratio of 57.08.

Value and Indexed Property Income Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a dividend of GBX 3.40 ($0.04) per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 1.77%. Value and Indexed Property Income’s dividend payout ratio is -7,222.22%.

About Value and Indexed Property Income

Value and Income Trust plc is a closed-ended equity mutual fund launched by Value & Income Services Limited. The fund is co-managed by OLIM Ltd. and OLIM Property Limited. It invests in the public equity markets of the United Kingdom. The fund also invests in convertible securities. It seeks to invest in stocks of companies operating across diversified sectors.