Real Estate Credit Investments Limited (LON:RECI) Declares Dividend of GBX 3

Posted by Elija Maina on Jul 3rd, 2024

Real Estate Credit Investments Limited (LON:RECI – Get Free Report) declared a dividend on Thursday, June 20th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 4th will be paid a dividend of GBX 3 ($0.04) per share on Friday, July 26th. This represents a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, July 4th. The official announcement can be seen at this link.

Real Estate Credit Investments Stock Performance

LON RECI opened at GBX 121.50 ($1.54) on Wednesday. Real Estate Credit Investments has a 1 year low of GBX 109.50 ($1.39) and a 1 year high of GBX 133.50 ($1.69). The firm has a market capitalization of £273.67 million, a P/E ratio of 1,104.55 and a beta of 0.42. The firm’s fifty day moving average price is GBX 119.04 and its two-hundred day moving average price is GBX 120.38. The company has a current ratio of 0.18, a quick ratio of 0.10 and a debt-to-equity ratio of 17.51.

Insiders Place Their Bets

In related news, insider Colleen McHugh acquired 9,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were purchased at an average cost of GBX 114 ($1.44) per share, for a total transaction of £10,260 ($12,977.49). In other news, insider Bob Cowdell acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of GBX 115 ($1.45) per share, with a total value of £23,000 ($29,091.83). Also, insider Colleen McHugh acquired 9,000 shares of the stock in a transaction on Thursday, April 4th. The shares were purchased at an average price of GBX 114 ($1.44) per share, for a total transaction of £10,260 ($12,977.49). Company insiders own 0.50% of the company’s stock.

Real Estate Credit Investments Company Profile

(Get Free Report)

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.