City of London (LON:CTY – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 395 ($4.94) and last traded at GBX 428 ($5.35), with a volume of 427709 shares traded. The stock had previously closed at GBX 427.50 ($5.34).
City of London Price Performance
The firm has a 50 day moving average price of GBX 428.99 and a 200 day moving average price of GBX 430.43. The stock has a market cap of £2.10 billion, a P/E ratio of 1,700.00 and a beta of 0.66. The company has a quick ratio of 0.50, a current ratio of 3.34 and a debt-to-equity ratio of 5.73.
City of London Dividend Announcement
The company also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, January 23rd will be issued a dividend of GBX 5.25 ($0.07) per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, January 23rd. 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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