Canadian General Investments (TSE:CGI) Hits New 52-Week High – Here’s What Happened

Shares of Canadian General Investments (TSE:CGI) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$43.02 and last traded at C$42.82, with a volume of 1430 shares traded. The stock had previously closed at C$41.67.

Canadian General Investments Stock Performance

The company’s 50 day simple moving average is C$40.95 and its 200 day simple moving average is C$39.45. The company has a debt-to-equity ratio of 13.42, a quick ratio of 7.44 and a current ratio of 6.79. The stock has a market cap of C$870.28 million, a PE ratio of 5.34 and a beta of 1.18.

Canadian General Investments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Friday, November 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Friday, November 29th. Canadian General Investments’s payout ratio is 12.80%.

Canadian General Investments Company Profile

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.