Invesco Bond Income Plus (LON:BIPS) Shares Down 2% – Time to Sell?

Invesco Bond Income Plus Limited (LON:BIPS) shares traded down 2% during trading on Wednesday . The company traded as low as GBX 164 ($2.03) and last traded at GBX 170 ($2.10). 483,635 shares traded hands during trading, an increase of 19% from the average session volume of 404,992 shares. The stock had previously closed at GBX 173.50 ($2.14).

Invesco Bond Income Plus Stock Performance

The company has a debt-to-equity ratio of 12.95, a quick ratio of 0.09 and a current ratio of 0.31. The firm has a 50 day moving average price of GBX 170.28 and a two-hundred day moving average price of GBX 171.30. The company has a market capitalization of £339.07 million, a P/E ratio of 850.00 and a beta of 0.40.

Invesco Bond Income Plus Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, January 16th will be paid a GBX 2.88 ($0.04) dividend. This represents a yield of 1.72%. The ex-dividend date is Thursday, January 16th. Invesco Bond Income Plus’s dividend payout ratio is 6,000.00%.

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.