Value and Indexed Property Income (LON:VIP) Stock Passes Above 50 Day Moving Average – What’s Next?

Shares of Value and Indexed Property Income (LON:VIP) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 190.92 ($2.58) and traded as high as GBX 200 ($2.70). Value and Indexed Property Income shares last traded at GBX 199.50 ($2.70), with a volume of 31,396 shares.

Value and Indexed Property Income Trading Down 2.5%

The firm has a market capitalization of £83.35 million, a price-to-earnings ratio of 19.85 and a beta of 0.98. The business has a 50-day moving average of GBX 190.92 and a two-hundred day moving average of GBX 188.51. The company has a quick ratio of 22.47, a current ratio of 2.84 and a debt-to-equity ratio of 67.96.

Value and Indexed Property Income Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, April 25th. Investors of record on Thursday, March 27th were given a dividend of GBX 3.40 ($0.05) per share. This represents a yield of 1.81%. The ex-dividend date was Thursday, March 27th. Value and Indexed Property Income’s dividend payout ratio (DPR) is presently 132.64%.

About Value and Indexed Property Income

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.