CC Japan Income & Growth (LON:CCJI) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

CC Japan Income & Growth (LON:CCJI)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 185.85 ($2.41) and traded as low as GBX 183.80 ($2.38). CC Japan Income & Growth shares last traded at GBX 185 ($2.39), with a volume of 192,788 shares.

CC Japan Income & Growth Stock Down 0.8 %

The company has a 50 day moving average price of GBX 185.85 and a 200-day moving average price of GBX 185.25. The company has a market cap of £248.81 million and a price-to-earnings ratio of 4.09.

CC Japan Income & Growth (LON:CCJI) last posted its earnings results on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) earnings per share for the quarter. CC Japan Income & Growth had a net margin of 95.50% and a return on equity of 22.45%.

CC Japan Income & Growth Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a GBX 3.85 ($0.05) dividend. This is a boost from CC Japan Income & Growth’s previous dividend of $1.60. The ex-dividend date of this dividend was Thursday, January 30th. This represents a dividend yield of 2.03%. CC Japan Income & Growth’s dividend payout ratio is presently 11.06%.

Insider Transactions at CC Japan Income & Growth

In other news, insider June Aitken bought 878 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of GBX 186 ($2.41) per share, for a total transaction of £1,633.08 ($2,113.75). 9.30% of the stock is owned by corporate insiders.

CC Japan Income & Growth Company Profile

The investment objective of the Company is to provide Shareholders with dividend income combined with capital growth, mainly through investment in equities listed or quoted in Japan.