CQS New City High Yield (LON:NCYF) Reaches New 1-Year Low – Here’s What Happened

Shares of CQS New City High Yield (LON:NCYF) hit a new 52-week low on Friday . The company traded as low as GBX 50 ($0.64) and last traded at GBX 51.60 ($0.67), with a volume of 1720306 shares changing hands. The stock had previously closed at GBX 51.60 ($0.67).

CQS New City High Yield Stock Performance

The firm has a 50-day moving average of GBX 51.47 and a two-hundred day moving average of GBX 51.74. The firm has a market capitalization of £303.26 million, a P/E ratio of 6.48 and a beta of 0.46. The company has a current ratio of 0.33, a quick ratio of 2.43 and a debt-to-equity ratio of 12.80.

CQS New City High Yield Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were paid a GBX 2.28 ($0.03) dividend. This is a positive change from CQS New City High Yield’s previous dividend of $1.00. The ex-dividend date was Thursday, March 20th. This represents a dividend yield of 3.69%. CQS New City High Yield’s dividend payout ratio is presently 50.20%.

Insider Activity

In other CQS New City High Yield news, insider Wendy Dorman bought 38,600 shares of CQS New City High Yield stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of GBX 51 ($0.66) per share, with a total value of £19,686 ($25,384.91). 0.11% of the stock is currently owned by corporate insiders.

About CQS New City High Yield

CQS New City High Yield Fund Limited aims to provide investors with a high dividend yield and the potential for capital growth by investing in high-yielding, fixed interest securities. These include, but are not limited to, preference shares, loan stocks, corporate bonds (convertible and/or redeemable) and government stocks.