Shares of City of London (LON:CTY – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 395 ($4.97) and last traded at GBX 423 ($5.33), with a volume of 824375 shares. The stock had previously closed at GBX 420.50 ($5.29).
City of London Trading Up 0.6 %
The company has a market capitalization of £2.12 billion, a price-to-earnings ratio of 1,708.00 and a beta of 0.66. The company has a current ratio of 3.34, a quick ratio of 0.50 and a debt-to-equity ratio of 5.73. The business’s 50 day moving average price is GBX 431.31 and its two-hundred day moving average price is GBX 429.06.
City of London Announces Dividend
The business also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be given a GBX 5.25 ($0.07) dividend. The ex-dividend date is Thursday, October 24th. This represents a yield of 1.2%. City of London’s dividend payout ratio is currently 8,400.00%.
City of London Company Profile
The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.
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