Value and Indexed Property Income (LON:VIP) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Value and Indexed Property Income (LON:VIP)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 186.46 ($2.35) and traded as high as GBX 194 ($2.44). Value and Indexed Property Income shares last traded at GBX 194 ($2.44), with a volume of 8,968 shares.

Value and Indexed Property Income Stock Performance

The firm’s 50-day moving average is GBX 186.52 and its 200 day moving average is GBX 187.32. The stock has a market cap of £83.12 million, a PE ratio of 19.79 and a beta of 0.98. The company has a debt-to-equity ratio of 67.96, a quick ratio of 22.47 and a current ratio of 2.84.

Value and Indexed Property Income Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, March 27th will be paid a GBX 3.40 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 1.81%. Value and Indexed Property Income’s dividend payout ratio is currently 132.64%.

Value and Indexed Property Income Company Profile

Value and Income Trust plc is a closed-ended equity mutual fund launched by Value & Income Services Limited. The fund is co-managed by OLIM Ltd. and OLIM Property Limited. It invests in the public equity markets of the United Kingdom. The fund also invests in convertible securities. It seeks to invest in stocks of companies operating across diversified sectors.