Polar Capital Global Financials (LON:PCFT) Reaches New 1-Year High at $175.00

Polar Capital Global Financials (LON:PCFT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 175 ($2.25) and last traded at GBX 174.20 ($2.24), with a volume of 144368 shares traded. The stock had previously closed at GBX 174 ($2.24).

Polar Capital Global Financials Stock Performance

The company has a market capitalization of £534.73 million, a price-to-earnings ratio of -3,508.00 and a beta of 0.99. The stock has a 50 day simple moving average of GBX 168.92 and a 200 day simple moving average of GBX 162.55. The company has a quick ratio of 0.68, a current ratio of 6.77 and a debt-to-equity ratio of 14.14.

Polar Capital Global Financials Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 1st will be given a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date is Thursday, August 1st. This represents a yield of 1.49%. This is a positive change from Polar Capital Global Financials’s previous dividend of $2.10. Polar Capital Global Financials’s payout ratio is currently -10,000.00%.

About Polar Capital Global Financials

Polar Capital Global Financials Trust plc is a closed-ended equity mutual fund launched and managed by Polar Capital LLP. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the financials sector. It invests in stocks of companies across all market capitalizations.