Value and Indexed Property Income (LON:VIP) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Value and Indexed Property Income (LON:VIP) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 187.05 ($2.42) and traded as high as GBX 191 ($2.47). Value and Indexed Property Income shares last traded at GBX 189.80 ($2.45), with a volume of 45,920 shares changing hands.

Value and Indexed Property Income Trading Down 0.5 %

The company has a quick ratio of 22.47, a current ratio of 2.84 and a debt-to-equity ratio of 67.96. The stock has a market capitalization of £80.55 million, a P/E ratio of 19.18 and a beta of 0.98. The firm’s 50 day simple moving average is GBX 187.33 and its two-hundred day simple moving average is GBX 186.80.

Value and Indexed Property Income Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, March 27th will be paid a GBX 3.40 ($0.04) dividend. This represents a yield of 1.81%. The ex-dividend date is Thursday, March 27th. Value and Indexed Property Income’s dividend payout ratio (DPR) is currently 132.64%.

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.