Invesco Bond Income Plus (LON:BIPS) Trading 0.6% Higher – Still a Buy?

Invesco Bond Income Plus Limited (LON:BIPS) shares were up 0.6% during trading on Wednesday . The stock traded as high as GBX 174.50 ($2.27) and last traded at GBX 174.50 ($2.27). Approximately 323,037 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 306,581 shares. The stock had previously closed at GBX 173.50 ($2.26).

Invesco Bond Income Plus Stock Performance

The company has a market cap of £354.36 million, a price-to-earnings ratio of 8.94 and a beta of 0.40. The company has a current ratio of 0.31, a quick ratio of 0.09 and a debt-to-equity ratio of 12.95. The stock’s 50 day moving average price is GBX 172.12 and its 200 day moving average price is GBX 171.67.

Invesco Bond Income Plus Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, January 16th were given a dividend of GBX 2.88 ($0.04) per share. This represents a yield of 1.72%. The ex-dividend date was Thursday, January 16th. Invesco Bond Income Plus’s dividend payout ratio (DPR) is 61.45%.

About Invesco Bond Income Plus

Managed by Rhys Davies and Edward Craven, the Company’s investment objective is to seek to obtain both high income and capital growth from investment, predominantly in high-yielding fixed-interest securities.