City of London (LON:CTY – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 395 ($4.96) and last traded at GBX 430.99 ($5.41), with a volume of 575531 shares changing hands. The stock had previously closed at GBX 433 ($5.44).
City of London Price Performance
The stock has a market cap of £2.13 billion, a P/E ratio of 1,719.18 and a beta of 0.66. The company’s 50 day moving average price is GBX 430.90 and its 200-day moving average price is GBX 429.49. 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 firm also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be issued a dividend of GBX 5.25 ($0.07) per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 24th. City of London’s payout ratio is 8,400.00%.
About City of London
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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