Capital Gearing (LON:CGT) Stock Crosses Above 50-Day Moving Average of $4,713.44

Capital Gearing (LON:CGT) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 4,713.44 ($60.18) and traded as high as GBX 4,790.45 ($61.17). Capital Gearing shares last traded at GBX 4,780 ($61.03), with a volume of 25,876 shares traded.

Capital Gearing Trading Down 0.6 %

The firm’s 50-day moving average is GBX 4,715.68 and its two-hundred day moving average is GBX 4,697.28. The stock has a market cap of £1.02 billion, a price-to-earnings ratio of -7,587.30 and a beta of 0.23.

Capital Gearing Increases Dividend

The business also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 6th were given a dividend of GBX 78 ($1.00) per share. This represents a dividend yield of 1.65%. The ex-dividend date was Thursday, June 6th. This is an increase from Capital Gearing’s previous dividend of $11.00. Capital Gearing’s dividend payout ratio is -9,523.81%.

About Capital Gearing

Capital Gearing Trust p.l.c is a closed ended fixed income mutual fund launched and managed by CG Asset Management Limited. The fund invests in the public equity and fixed income markets of the United Kingdom. It invests in the stocks of companies operating across diversified sectors. For the fixed income portion of the portfolio the fund primarily invests in government bonds.