Dunedin Income Growth Investment Trust (LON:DIG) Share Price Passes Above 50 Day Moving Average of $277.29

Dunedin Income Growth Investment Trust PLC (LON:DIG) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 277.29 ($3.48) and traded as high as GBX 287.83 ($3.62). Dunedin Income Growth Investment Trust shares last traded at GBX 286 ($3.59), with a volume of 155,026 shares changing hands.

Dunedin Income Growth Investment Trust Stock Performance

The company has a market cap of £411.82 million, a P/E ratio of 1,588.89 and a beta of 0.72. The company’s 50-day moving average is GBX 277.29 and its two-hundred day moving average is GBX 273.37. The company has a quick ratio of 0.82, a current ratio of 0.27 and a debt-to-equity ratio of 9.71.

Dunedin Income Growth Investment Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 2nd will be given a dividend of GBX 4.15 ($0.05) per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 1.5%. This is a positive change from Dunedin Income Growth Investment Trust’s previous dividend of $3.20. Dunedin Income Growth Investment Trust’s dividend payout ratio is presently 7,777.78%.

Insiders Place Their Bets

In other Dunedin Income Growth Investment Trust news, insider Howard Williams bought 137 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average price of GBX 279 ($3.50) per share, for a total transaction of £382.23 ($480.13). Company insiders own 1.97% of the company’s stock.

Dunedin Income Growth Investment Trust Company Profile

Dunedin Income Growth Investment Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. The fund is co-managed by Aberdeen Asset Managers Limited. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.