Pershing Square (LON:PSH) Hits New 1-Year High – Time to Buy?

Shares of Pershing Square Holdings (LON:PSH) reached a new 52-week high on Tuesday . The company traded as high as GBX 4,372 ($54.42) and last traded at GBX 4,362 ($54.29), with a volume of 44733 shares changing hands. The stock had previously closed at GBX 4,366 ($54.34).

Pershing Square Stock Performance

The business has a fifty day simple moving average of GBX 4,047.30 and a two-hundred day simple moving average of GBX 3,766.94. The company has a quick ratio of 8.65, a current ratio of 22.15 and a debt-to-equity ratio of 19.50. The company has a market cap of £8.33 billion, a P/E ratio of 429.60 and a beta of 0.97.

Pershing Square Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, December 19th. Shareholders of record on Thursday, November 13th will be issued a $0.16 dividend. This is an increase from Pershing Square’s previous dividend of $0.15. The ex-dividend date is Thursday, November 13th. This represents a yield of 0.32%. Pershing Square’s dividend payout ratio is currently 436.43%.

About Pershing Square

Pershing Square Holdings (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.