Canadian General Investments (TSE:CGI) Reaches New 52-Week High – Here’s Why

Shares of Canadian General Investments (TSE:CGI) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$43.02 and last traded at C$42.82, with a volume of 1430 shares changing hands. The stock had previously closed at C$41.67.

Canadian General Investments Price Performance

The company has a market capitalization of C$880.29 million, a price-to-earnings ratio of 5.40 and a beta of 1.18. The company has a 50-day moving average price of C$40.89 and a 200-day moving average price of C$39.38. The company has a debt-to-equity ratio of 13.42, a quick ratio of 7.44 and a current ratio of 6.79.

Canadian General Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Friday, November 29th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Friday, November 29th. Canadian General Investments’s dividend payout ratio (DPR) is presently 12.80%.

About Canadian General Investments

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.