City of London (LON:CTY – Get Free Report)’s share price hit a new 52-week high on Thursday following a dividend announcement from the company. The company traded as high as GBX 432 ($5.53) and last traded at GBX 432 ($5.53), with a volume of 919922 shares trading hands. The stock had previously closed at GBX 427 ($5.47).
The newly announced dividend which will be paid on Friday, August 30th. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 1.2%. City of London’s payout ratio is currently 8,400.00%.
City of London Stock Up 0.5 %
The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.50 and a current ratio of 3.34. The firm’s 50-day moving average is GBX 422.49 and its 200 day moving average is GBX 408.27. The firm has a market capitalization of £2.18 billion, a PE ratio of 1,752.00 and a beta of 0.66.
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.
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