GCP Asset Backed Income Fund (LON:GABI) Trading 0.6% Higher

GCP Asset Backed Income Fund Ltd (LON:GABI) shares traded up 0.6% on Wednesday . The stock traded as high as GBX 108.50 ($1.42) and last traded at GBX 108.38 ($1.42), 103,163 shares changed hands during mid-day trading. A decline of 55% from the average session volume of 228,988 shares. The stock had previously closed at GBX 107.75 ($1.41).

The company has a market cap of $476.13 million and a PE ratio of 16.62. The business’s 50-day moving average price is GBX 107.35.

The business also recently disclosed a dividend, which will be paid on Monday, September 2nd. Shareholders of record on Thursday, August 1st will be given a GBX 1.55 ($0.02) dividend. This represents a yield of 1.44%. The ex-dividend date of this dividend is Thursday, August 1st. GCP Asset Backed Income Fund’s payout ratio is presently 0.92%.

About GCP Asset Backed Income Fund (LON:GABI)

Project Finance Investments Limited is an investment firm based in Jersey, Channel Islands.

Further Reading: What is the balance sheet?

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