Invesco Bond Income Plus (LON:BIPS) Stock Price Down 0.6% – What’s Next?

Invesco Bond Income Plus Limited (LON:BIPS) traded down 0.6% on Friday . The stock traded as low as GBX 164.19 ($2.06) and last traded at GBX 166.50 ($2.09). 1,819,743 shares were traded during mid-day trading, an increase of 500% from the average session volume of 303,111 shares. The stock had previously closed at GBX 167.50 ($2.10).

Invesco Bond Income Plus Price Performance

The company has a debt-to-equity ratio of 12.95, a quick ratio of 0.09 and a current ratio of 0.31. The business has a 50 day simple moving average of GBX 172.03 and a 200-day simple moving average of GBX 171.38. The firm has a market cap of £332.08 million, a price-to-earnings ratio of 832.50 and a beta of 0.40.

Invesco Bond Income Plus Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Heather MacCallum purchased 8,000 shares of Invesco Bond Income Plus stock in a transaction that occurred on Monday, October 7th. The stock was bought at an average price of GBX 174 ($2.18) per share, for a total transaction of £13,920 ($17,450.17). 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.