Dunedin Income Growth Investment Trust (LON:DIG) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Dunedin Income Growth Investment Trust PLC (LON:DIG) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 272.10 ($3.40) and traded as high as GBX 279 ($3.48). Dunedin Income Growth Investment Trust shares last traded at GBX 277 ($3.46), with a volume of 340,599 shares.

Dunedin Income Growth Investment Trust Price Performance

The firm’s fifty day simple moving average is GBX 272.10 and its two-hundred day simple moving average is GBX 279.57. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 9.66. The firm has a market cap of £393.89 million, a PE ratio of 1,846.67 and a beta of 0.73.

Dunedin Income Growth Investment Trust Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 6th will be paid a GBX 3.20 ($0.04) dividend. The ex-dividend date is Thursday, February 6th. This represents a yield of 1.16%. Dunedin Income Growth Investment Trust’s payout ratio is presently 9,333.33%.

About Dunedin Income Growth Investment Trust

Targeting growth of income and capital from a portfolio invested mainly in companies listed or quoted in the United Kingdom that meet the Company’s Sustainable and Responsible investing criteria