Finsbury Growth & Income (LON:FGT) Reaches New 52-Week High – Still a Buy?

Finsbury Growth & Income (LON:FGT)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 889.25 ($11.27) and last traded at GBX 886 ($11.23), with a volume of 52194 shares traded. The stock had previously closed at GBX 887 ($11.24).

Finsbury Growth & Income Trading Down 0.1 %

The business has a 50-day moving average price of GBX 854.52 and a 200-day moving average price of GBX 846.79. The company has a quick ratio of 0.48, a current ratio of 5.68 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of £1.62 billion, a P/E ratio of 1,453.92 and a beta of 0.52.

Finsbury Growth & Income Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd were issued a GBX 10.80 ($0.14) dividend. This represents a yield of 1.27%. The ex-dividend date of this dividend was Thursday, October 3rd. This is a positive change from Finsbury Growth & Income’s previous dividend of $8.80. Finsbury Growth & Income’s payout ratio is 3,114.75%.

About Finsbury Growth & Income

Finsbury Growth & Income Trust PLC is a closed ended equity mutual fund launched Frostrow Capital LLP. The fund is co-managed by Lindsell Train Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.