Polar Capital Global Financials (LON:PCFT – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 208.55 ($2.63) and last traded at GBX 208.55 ($2.63), with a volume of 314158 shares changing hands. The stock had previously closed at GBX 207 ($2.61).
Polar Capital Global Financials Price Performance
The firm has a market cap of £637.25 million, a price-to-earnings ratio of 5.56 and a beta of 0.98. The business’s 50-day moving average price is GBX 197.97 and its two-hundred day moving average price is GBX 186.83. The company has a debt-to-equity ratio of 12.23, a current ratio of 17.44 and a quick ratio of 0.68.
Polar Capital Global Financials Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, February 6th will be paid a GBX 2.20 ($0.03) dividend. The ex-dividend date is Thursday, February 6th. This represents a dividend yield of 1.09%. Polar Capital Global Financials’s dividend payout ratio (DPR) is presently 13.31%.
Polar Capital Global Financials Company Profile
Polar Capital Global Financials Trust plc is a UK investment trust launched in July 2013, co-managed by Polar Capital’s John Yakas, Nick Brind and George Barrow. The Trust was initially launched with a fixed term life but in April 2020 moved to 5-yearly tender offers with no fixed end of life. The first of the regular tender offers will be on or before 30 June 2025.
PCFT aims to select the best investment opportunities from the world of financials.
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