Real Estate Credit Investments Ltd (LON:RECI) Plans GBX 3 Dividend

Real Estate Credit Investments Ltd (LON:RECI) declared a dividend on Thursday, August 8th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 22nd will be given a dividend of GBX 3 ($0.04) per share on Friday, September 6th. This represents a dividend yield of 1.79%. The ex-dividend date is Thursday, August 22nd. The official announcement can be seen at this link.

The company’s 50-day moving average price is GBX 168.83. Real Estate Credit Investments has a 1-year low of GBX 1.67 ($0.02) and a 1-year high of GBX 176 ($2.30). The stock has a market capitalization of $256.05 million and a PE ratio of 13.31. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 13.34.

Separately, Liberum Capital reiterated a “buy” rating on shares of Real Estate Credit Investments in a report on Tuesday, July 9th.

In other Real Estate Credit Investments news, insider Bob Cowdell bought 29,000 shares of the stock in a transaction dated Monday, July 8th. The stock was purchased at an average cost of GBX 170 ($2.22) per share, for a total transaction of £49,300 ($64,419.18).

About Real Estate Credit Investments

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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Dividend History for Real Estate Credit Investments (LON:RECI)

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