Amedeo Air Four Plus (LON:AA4) Shares Cross Above 50 Day Moving Average – Here’s Why

Amedeo Air Four Plus (LON:AA4) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 60.89 ($0.79) and traded as high as GBX 61.84 ($0.80). Amedeo Air Four Plus shares last traded at GBX 61.60 ($0.80), with a volume of 47,473 shares trading hands.

Amedeo Air Four Plus Price Performance

The stock’s 50 day moving average is GBX 60.89 and its 200-day moving average is GBX 55.87. The company has a market capitalization of £185.96 million and a P/E ratio of 7.12.

Amedeo Air Four Plus Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a dividend of GBX 2 ($0.03) per share. This represents a yield of 3.31%. The ex-dividend date of this dividend was Thursday, January 16th. Amedeo Air Four Plus’s dividend payout ratio is currently 80.86%.

Amedeo Air Four Plus Company Profile

Amedeo Air Four Plus Limited specializes in acquiring, leasing and selling aircraft. The fund seeks to use the net proceeds of placings and/or other equity capital raisings, together with debt facilities (or instruments), to acquire aircraft which will be leased to one or more major airlines.