City of London (LON:CTY) Sets New 1-Year High at $422.00

Shares of City of London (LON:CTY) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 422 ($5.30) and last traded at GBX 420.30 ($5.28), with a volume of 496754 shares changing hands. The stock had previously closed at GBX 417 ($5.24).

City of London Trading Up 0.3 %

The firm has a market cap of £2.11 billion, a price-to-earnings ratio of 1,686.00 and a beta of 0.67. The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50. The company’s 50 day simple moving average is GBX 403.36 and its 200 day simple moving average is GBX 398.51.

City of London Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 25th will be given a GBX 5.25 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 1.3%. This is a positive change from City of London’s previous dividend of $5.05. City of London’s dividend payout ratio (DPR) is currently 8,400.00%.

Insider Buying and Selling

In other news, insider Ominder Dhillon acquired 1,500 shares of City of London stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of GBX 393 ($4.94) per share, for a total transaction of £5,895 ($7,405.78). 1.49% of the stock is owned by insiders.

About City of London

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.