Invesco Bond Income Plus (LON:BIPS) Shares Up 2.1% - What's Next?

Invesco Bond Income Plus Limited (LON:BIPS - Get Free Report) shares rose 2.1% during trading on Monday . The company traded as high as GBX 172.50 ($2.19) and last traded at GBX 171 ($2.17). Approximately 245,530 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 310,470 shares. The stock had previously closed at GBX 167.50 ($2.13).

Invesco Bond Income Plus Stock Performance

The company has a quick ratio of 0.09, a current ratio of 0.31 and a debt-to-equity ratio of 12.95. The firm has a market cap of £339.07 million, a PE ratio of 850.00 and a beta of 0.40. The firm has a 50-day moving average price of GBX 170.43 and a two-hundred day moving average price of GBX 171.21.

Invesco Bond Income Plus Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 17th were paid a GBX 2.88 ($0.04) dividend. This represents a dividend yield of 1.66%. The ex-dividend date was Thursday, October 17th. Invesco Bond Income Plus's dividend payout ratio is currently 6,000.00%.

Insider Activity

In other news, insider Heather MacCallum bought 8,000 shares of the business's stock in a transaction on Monday, October 7th. The shares were bought at an average price of GBX 174 ($2.21) per share, with a total value of £13,920 ($17,696.41). Company insiders own 0.03% of the company's stock.

Invesco Bond Income Plus Company Profile

Invesco Bond Income Plus Limited is a closed-ended fixed income mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in fixed income markets across the globe. It primarily invests in high yield fixed income securities including preference shares, convertible and redeemable loan stocks, corporate bonds, and government bonds.