M&G Credit Income Investment (LON:MGCI) Shares Down 0.2% – Here’s Why

M&G Credit Income Investment (LON:MGCI)’s stock price traded down 0.2% on Tuesday . The company traded as low as GBX 95 ($1.20) and last traded at GBX 95.59 ($1.21). 402,995 shares were traded during trading, an increase of 14% from the average session volume of 354,691 shares. The stock had previously closed at GBX 95.80 ($1.21).

M&G Credit Income Investment Stock Up 1.9 %

The firm’s fifty day simple moving average is GBX 96.62 and its 200-day simple moving average is GBX 96.39. The firm has a market capitalization of £144.43 million, a PE ratio of 9.29 and a beta of 0.38.

M&G Credit Income Investment Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 30th will be issued a GBX 2.09 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 2.14%. M&G Credit Income Investment’s payout ratio is currently 76.27%.

M&G Credit Income Investment Company Profile

M&G Credit Income Investment Trust plc invests in a portfolio of public and private debt and debt-like instruments. The company was incorporated in 2018 and is based in London, the United Kingdom.