Value and Indexed Property Income (LON:VIP) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Value and Indexed Property Income (LON:VIP) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 186.19 ($2.47) and traded as high as GBX 195 ($2.59). Value and Indexed Property Income shares last traded at GBX 184.50 ($2.45), with a volume of 18,007 shares traded.

Value and Indexed Property Income Price Performance

The company has a market capitalization of £79.05 million, a price-to-earnings ratio of 18.82 and a beta of 0.98. The company has a 50-day moving average price of GBX 186.19 and a 200-day moving average price of GBX 186.13. The company has a debt-to-equity ratio of 67.96, a quick ratio of 22.47 and a current ratio of 2.84.

Value and Indexed Property Income Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, March 27th will be paid a GBX 3.40 ($0.05) dividend. This represents a yield of 1.81%. The ex-dividend date is Thursday, March 27th. Value and Indexed Property Income’s payout ratio 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.