Shares of City of London (LON:CTY – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as GBX 395 ($5.08) and last traded at GBX 419.50 ($5.40), with a volume of 474649 shares trading hands. The stock had previously closed at GBX 417 ($5.37).
City of London Stock Performance
The stock has a market capitalization of £2.07 billion, a price-to-earnings ratio of 1,668.00 and a beta of 0.66. The firm has a fifty day moving average of GBX 432.60 and a 200 day moving average of GBX 428.69. The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50.
City of London Announces Dividend
The firm also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be given a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a yield of 1.2%. City of London’s dividend payout ratio is currently 8,400.00%.
City of London Company Profile
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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