Invesco Bond Income Plus (LON:BIPS) Trading 2.1% Higher – What’s Next?

Shares of Invesco Bond Income Plus Limited (LON:BIPS) rose 2.1% during mid-day trading on Monday . The company traded as high as GBX 172.50 ($2.19) and last traded at GBX 171 ($2.17). Approximately 245,530 shares changed hands during trading, a decline of 21% from the average daily volume of 310,470 shares. The stock had previously closed at GBX 167.50 ($2.13).

Invesco Bond Income Plus Stock Performance

The company has a debt-to-equity ratio of 12.95, a current ratio of 0.31 and a quick ratio of 0.09. The company has a market capitalization of £341.06 million, a price-to-earnings ratio of 855.00 and a beta of 0.40. The firm has a fifty day simple moving average of GBX 170.51 and a 200 day simple moving average of GBX 171.21.

Invesco Bond Income Plus Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 17th were issued a GBX 2.88 ($0.04) dividend. This represents a yield of 1.66%. The ex-dividend date was Thursday, October 17th. Invesco Bond Income Plus’s payout ratio is presently 6,000.00%.

Insider Buying and Selling at Invesco Bond Income Plus

In other news, insider Heather MacCallum bought 8,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were acquired at an average price of GBX 174 ($2.21) per share, for a total transaction of £13,920 ($17,660.49). Insiders own 0.03% of the company’s stock.

About Invesco Bond Income Plus

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.