Majedie Investments (LON:MAJE) Hits New 12-Month High – Here’s Why

Majedie Investments (LON:MAJE) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 272 ($3.31) and last traded at GBX 272 ($3.31), with a volume of 17979 shares traded. The stock had previously closed at GBX 264 ($3.21).

Majedie Investments Stock Performance

The firm’s fifty day moving average price is GBX 248.48 and its 200-day moving average price is GBX 239.78. The company has a market cap of £140.41 million, a P/E ratio of 854.58 and a beta of 0.87. The company has a current ratio of 0.22, a quick ratio of 8.62 and a debt-to-equity ratio of 14.44.

Majedie Investments Increases Dividend

The company also recently declared a dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were paid a dividend of GBX 2.10 ($0.03) per share. This represents a yield of 0.92%. This is a positive change from Majedie Investments’s previous dividend of $2.00. The ex-dividend date was Thursday, November 14th. Majedie Investments’s payout ratio is currently 2,580.65%.

About Majedie Investments

Majedie Investments PLC is an investment trust founded in 1910 and managed by Marylebone Partners LLP.

Marylebone Partners combines investments from three complementary strategies sourced from around the globe into a single portfolio comprising hard-to-access special investments, external niche manager allocations and investments in publicly-listed companies.