Real Estate Credit Investments Ltd (LON:RECI) announced a dividend on Friday, November 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 12th will be given a dividend of GBX 3 ($0.04) per share on Friday, January 3rd. This represents a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 12th. The official announcement can be viewed at this link.
RECI opened at GBX 166.67 ($2.19) on Tuesday. Real Estate Credit Investments has a 12 month low of GBX 1.65 ($0.02) and a 12 month high of GBX 176 ($2.32). The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 39.54. The business’s 50-day moving average price is GBX 167.27 and its 200-day moving average price is GBX 167.06. The company has a market cap of $349.03 million and a P/E ratio of 12.72.
Separately, Liberum Capital reaffirmed a “buy” rating on shares of Real Estate Credit Investments in a research note on Friday, September 13th.
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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