Invesco Bond Income Plus (LON:BIPS) Shares Up 0.6% – Here’s Why

Invesco Bond Income Plus Limited (LON:BIPS) shares shot up 0.6% on Wednesday . The company traded as high as GBX 174.50 ($2.26) and last traded at GBX 174.50 ($2.26). 323,037 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 306,581 shares. The stock had previously closed at GBX 173.50 ($2.25).

Invesco Bond Income Plus Stock Performance

The firm has a market cap of £351.32 million, a P/E ratio of 8.86 and a beta of 0.40. The company has a current ratio of 0.31, a quick ratio of 0.09 and a debt-to-equity ratio of 12.95. The company’s 50-day moving average is GBX 172.11 and its two-hundred day moving average is GBX 171.68.

Invesco Bond Income Plus Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, January 16th were given a dividend of GBX 2.88 ($0.04) per share. The ex-dividend date was Thursday, January 16th. This represents a dividend yield of 1.72%. Invesco Bond Income Plus’s payout ratio is 61.45%.

Invesco Bond Income Plus Company Profile

Managed by Rhys Davies and Edward Craven, the Company’s investment objective is to seek to obtain both high income and capital growth from investment, predominantly in high-yielding fixed-interest securities.