Dunedin Income Growth Investment Trust (LON:DIG) Shares Pass Above 50 Day Moving Average of $278.97

Dunedin Income Growth Investment Trust PLC (LON:DIG)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 278.97 ($3.50) and traded as high as GBX 291 ($3.66). Dunedin Income Growth Investment Trust shares last traded at GBX 291 ($3.66), with a volume of 193,887 shares traded.

Dunedin Income Growth Investment Trust Stock Performance

The stock’s fifty day moving average price is GBX 278.97 and its two-hundred day moving average price is GBX 274.41. The company has a debt-to-equity ratio of 9.71, a quick ratio of 0.82 and a current ratio of 0.27. The company has a market cap of £427.20 million, a P/E ratio of 1,616.67 and a beta of 0.72.

Dunedin Income Growth Investment Trust Increases Dividend

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

Insider Activity at Dunedin Income Growth Investment Trust

In related news, insider Howard Williams acquired 137 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of GBX 279 ($3.51) per share, with a total value of £382.23 ($480.19). 1.97% of the stock is owned by insiders.

About Dunedin Income Growth Investment Trust

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.