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

M&G Credit Income Investment (LON:MGCI) issued its earnings results on Friday. The company reported GBX 7.46 ($0.10) earnings per share 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

MGCI opened at GBX 96.41 ($1.25) on Friday. The stock’s 50 day moving average price is GBX 96.23 and its 200-day moving average price is GBX 96.48. 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 market capitalization of £142.96 million, a PE ratio of 9.19 and a beta of 0.38.

M&G Credit Income Investment Cuts Dividend

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

Insider Activity at M&G Credit Income Investment

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