Caledonia Investments (LON:CLDN) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Caledonia Investments Plc (LON:CLDN) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 3,793.30 ($49.10) and traded as high as GBX 3,830 ($49.57). Caledonia Investments shares last traded at GBX 3,620 ($46.85), with a volume of 207,563 shares traded.

Caledonia Investments Stock Up 2.0 %

The stock’s 50 day simple moving average is GBX 3,794.06 and its two-hundred day simple moving average is GBX 3,552.58. The company has a market cap of £1.97 billion, a PE ratio of 9.85 and a beta of 0.77.

Caledonia Investments Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 27th will be given a dividend of GBX 95.80 ($1.24) per share. This represents a yield of 4.33%. The ex-dividend date is Thursday, March 27th. This is an increase from Caledonia Investments’s previous dividend of $19.69. Caledonia Investments’s payout ratio is 18.70%.

Insider Activity

In other Caledonia Investments news, insider William Wyatt purchased 135 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average price of GBX 3,800 ($49.18) per share, for a total transaction of £5,130 ($6,639.92). Also, insider Mathew Masters sold 516 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of GBX 3,880 ($50.22), for a total value of £20,020.80 ($25,913.54). Corporate insiders own 40.16% of the company’s stock.

Caledonia Investments Company Profile

Caledonia is a FTSE 250 self-managed investment trust company with a long track record of delivering consistent returns and progressive annual dividend payments to shareholders.

Our aim is to generate long-term compounding real returns that outperform inflation by 3%-6% over the medium to long term, and the FTSE All-Share index over 10 years.

We are a long-term investor and hold investments in both listed and private markets across three pools: Public Companies, Private Capital and Funds.