Canadian General Investments (TSE:CGI) Sets New 52-Week High at $38.77

Canadian General Investments (TSE:CGI) shares hit a new 52-week high on Wednesday . The company traded as high as C$38.77 and last traded at C$38.27, with a volume of 14617 shares changing hands. The stock had previously closed at C$37.75.

Analyst Ratings Changes

Separately, Royal Bank of Canada reduced their target price on Canadian General Investments from C$170.00 to C$163.00 in a research note on Thursday, May 2nd.

Canadian General Investments Price Performance

The stock has a fifty day moving average of C$37.17 and a 200 day moving average of C$36.59. The stock has a market cap of C$809.37 million, a price-to-earnings ratio of 4.59 and a beta of 1.17. The company has a debt-to-equity ratio of 15.08, a current ratio of 7.53 and a quick ratio of 7.44.

Canadian General Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Friday, May 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Friday, May 31st. Canadian General Investments’s payout ratio is 11.98%.

Canadian General Investments Company Profile

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.