Real Estate Credit Investments Limited (LON:RECI) announced a dividend on Thursday, November 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 2nd will be paid a dividend of GBX 3 ($0.04) per share on Friday, December 31st. This represents a yield of 1.95%. The ex-dividend date of this dividend is Thursday, December 2nd. The official announcement can be accessed at this link.
LON RECI remained flat at $GBX 153.50 ($2.01) on Thursday. The company’s stock had a trading volume of 125,270 shares, compared to its average volume of 282,447. The company has a market capitalization of £352.02 million and a price-to-earnings ratio of 9.52. The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of 22.43. Real Estate Credit Investments has a 52 week low of GBX 130.50 ($1.70) and a 52 week high of GBX 159.50 ($2.08). The company’s 50-day moving average price is GBX 154.71 and its two-hundred day moving average price is GBX 657.20.
In related news, insider Bob Cowdell acquired 5,000 shares of the business’s stock in a transaction dated Monday, October 18th. The shares were acquired at an average price of GBX 153 ($2.00) per share, with a total value of £7,650 ($9,994.77). Also, insider Colleen McHugh bought 6,000 shares of the stock in a transaction that occurred on Friday, October 8th. The shares were purchased at an average price of GBX 152 ($1.99) per share, with a total value of £9,120 ($11,915.34).
Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments.
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