Finsbury Growth & Income (LON:FGT) Reaches New 1-Year High – Here’s What Happened

Posted by Alanna Baker on Nov 22nd, 2024

Finsbury Growth & Income (LON:FGT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 872 ($10.98) and last traded at GBX 867 ($10.92), with a volume of 146613 shares traded. The stock had previously closed at GBX 867 ($10.92).

Finsbury Growth & Income Trading Up 0.2 %

The firm has a market capitalization of £1.59 billion, a price-to-earnings ratio of 1,414.75 and a beta of 0.52. The company has a fifty day moving average price of GBX 850.13 and a 200-day moving average price of GBX 844.99. The company has a current ratio of 5.68, a quick ratio of 0.48 and a debt-to-equity ratio of 2.01.

Finsbury Growth & Income Increases Dividend

The business also recently announced a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd were given a dividend of GBX 10.80 ($0.14) per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a yield of 1.27%. This is a boost from Finsbury Growth & Income’s previous dividend of $8.80. Finsbury Growth & Income’s dividend payout ratio is presently 3,114.75%.

About Finsbury Growth & Income

(Get Free Report)

Finsbury Growth & Income Trust PLC is a closed ended equity mutual fund launched Frostrow Capital LLP. The fund is co-managed by Lindsell Train Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.