Dunedin Enterprise Investment Trust (LON:DNE) Share Price Crosses Above 200 Day Moving Average of $500.48

Shares of Dunedin Enterprise Investment Trust PLC (LON:DNE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 500.48 ($6.70) and traded as high as GBX 515.40 ($6.90). Dunedin Enterprise Investment Trust shares last traded at GBX 505 ($6.76), with a volume of 14,058 shares.

Dunedin Enterprise Investment Trust Trading Down 1.0 %

The stock has a market cap of £27.78 million, a P/E ratio of 1,803.57 and a beta of 0.46. The stock’s 50-day moving average is GBX 509.53 and its 200-day moving average is GBX 500.48.

Dunedin Enterprise Investment Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be paid a dividend of GBX 23 ($0.31) per share. This represents a dividend yield of 4.51%. The ex-dividend date of this dividend is Thursday, September 5th. This is a positive change from Dunedin Enterprise Investment Trust’s previous dividend of $10.00. Dunedin Enterprise Investment Trust’s dividend payout ratio (DPR) is currently 11,785.71%.

About Dunedin Enterprise Investment Trust

Dunedin Enterprise Investment Trust PLC specializes in direct investments, fund of fund investments, and investments in listed private equity companies. In the case of direct investments, it specializes in investments in management buyouts, management buy ins, and growing businesses in lower middle markets.