Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $52.32 and traded as low as $49.75. Pershing Square shares last traded at $50.30, with a volume of 21,572 shares changing hands.
Pershing Square Trading Up 2.0 %
The firm has a 50-day moving average of $52.32 and a 200-day moving average of $49.15.
Pershing Square Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were paid a $0.1646 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.31%. This is an increase from Pershing Square’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 14th.
About Pershing Square
Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.
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