Tetragon Financial (LON:TFG) Hits New 12-Month High After Dividend Announcement

Shares of Tetragon Financial (LON:TFG) reached a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as GBX 12.70 ($0.16) and last traded at GBX 12.62 ($0.16), with a volume of 55134 shares. The stock had previously closed at GBX 12.35 ($0.16).

The newly announced dividend which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 1st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 0.87%. Tetragon Financial’s dividend payout ratio (DPR) is presently 2,875.82%.

Tetragon Financial Stock Down 1.1 %

The business’s 50-day moving average is GBX 10.57 and its two-hundred day moving average is GBX 10.26. The firm has a market capitalization of £10.44 million, a price-to-earnings ratio of 8.41 and a beta of 0.46. The company has a debt-to-equity ratio of 10.63, a quick ratio of 6.03 and a current ratio of 0.53.

Tetragon Financial Company Profile

Tetragon Financial Group Limited is a close ended feeder fund launched and managed by Tetragon Financial Management LP. The fund invests its entire corpus in Tetragon Financial Group Master Fund Limited. It was formerly known as Tetragon Credit Income Fund Limited. Tetragon Financial Group Limited was formed on June 23, 2005 and is domiciled in the Guernsey, Channel Islands.