M&G Credit Income Investment (LON:MGCI) Announces Quarterly Earnings Results

M&G Credit Income Investment (LON:MGCI) released its quarterly earnings results on Friday. The company reported GBX 7.46 ($0.10) EPS for the quarter, Digital Look Earnings reports. M&G Credit Income Investment had a return on equity of 10.78% and a net margin of 88.81%.

M&G Credit Income Investment Stock Performance

Shares of M&G Credit Income Investment stock opened at GBX 96.41 ($1.25) on Friday. The stock has a market capitalization of £142.96 million, a PE ratio of 9.19 and a beta of 0.38. M&G Credit Income Investment has a 52 week low of GBX 89 ($1.15) and a 52 week high of GBX 100 ($1.29). The stock has a 50 day moving average price of GBX 96.23 and a two-hundred day moving average price of GBX 96.48.

M&G Credit Income Investment Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, January 30th were paid a GBX 2.09 ($0.03) dividend. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 2.14%. M&G Credit Income Investment’s dividend payout ratio is presently 76.27%.

Insider Transactions at M&G Credit Income Investment

In related news, insider Barbara Powley acquired 12,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of GBX 96 ($1.24) per share, with a total value of £11,520 ($14,910.69). 7.21% of the stock is owned by insiders.

M&G Credit Income Investment Company Profile

M&G Credit Income Investment Trust plc invests in a portfolio of public and private debt and debt-like instruments. The company was incorporated in 2018 and is based in London, the United Kingdom.