Invesco Bond Income Plus (LON:BIPS) Stock Price Down 0.3% - Should You Sell?

Invesco Bond Income Plus Limited (LON:BIPS - Get Free Report) shares were down 0.3% on Thursday . The stock traded as low as GBX 170.50 ($2.21) and last traded at GBX 171 ($2.22). Approximately 426,752 shares traded hands during mid-day trading, an increase of 41% from the average daily volume of 302,111 shares. The stock had previously closed at GBX 171.50 ($2.22).

Invesco Bond Income Plus Stock Down 1.3 %

The firm has a market capitalization of £336.72 million, a P/E ratio of 844.12 and a beta of 0.40. The company's 50-day simple moving average is GBX 172.59 and its two-hundred day simple moving average is GBX 171.20. The company has a debt-to-equity ratio of 12.95, a current ratio of 0.31 and a quick ratio of 0.09.

Invesco Bond Income Plus Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be given a dividend of GBX 2.88 ($0.04) per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 1.66%. Invesco Bond Income Plus's payout ratio is 6,000.00%.

Insider Activity at Invesco Bond Income Plus

In related news, insider Heather MacCallum bought 8,000 shares of the business's stock in a transaction that occurred on Monday, October 7th. The stock was bought at an average cost of GBX 174 ($2.26) per share, with a total value of £13,920 ($18,052.13). 0.03% of the stock is currently owned by corporate insiders.

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.