CC Japan Income & Growth (LON:CCJI) Shares Cross Below 50-Day Moving Average – Here’s What Happened

CC Japan Income & Growth (LON:CCJI) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 185.85 ($2.41) and traded as low as GBX 183.80 ($2.38). CC Japan Income & Growth shares last traded at GBX 185 ($2.39), with a volume of 192,788 shares trading hands.

CC Japan Income & Growth Stock Down 0.8 %

The firm has a market capitalization of £248.81 million and a price-to-earnings ratio of 4.09. The company has a fifty day moving average price of GBX 185.85 and a two-hundred day moving average price of GBX 185.25.

CC Japan Income & Growth (LON:CCJI) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) earnings per share for the quarter. CC Japan Income & Growth had a net margin of 95.50% and a return on equity of 22.45%.

CC Japan Income & Growth Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a dividend of GBX 3.85 ($0.05) per share. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 2.03%. This is a positive change from CC Japan Income & Growth’s previous dividend of $1.60. CC Japan Income & Growth’s dividend payout ratio (DPR) is currently 11.06%.

Insider Buying and Selling at CC Japan Income & Growth

In other news, insider June Aitken acquired 878 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of GBX 186 ($2.41) per share, with a total value of £1,633.08 ($2,113.75). 9.30% of the stock is owned by company insiders.

About CC Japan Income & Growth

The investment objective of the Company is to provide Shareholders with dividend income combined with capital growth, mainly through investment in equities listed or quoted in Japan.