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

Shares of Pershing Square Holdings (LON:PSH) hit a new 52-week high on Monday . The stock traded as high as GBX 57.10 ($0.72) and last traded at GBX 4,524.44 ($56.93), with a volume of 81375 shares traded. The stock had previously closed at GBX 4,505.32 ($56.69).

Pershing Square Stock Up 1.2 %

The company has a quick ratio of 8.65, a current ratio of 40.41 and a debt-to-equity ratio of 18.59. The firm has a 50 day moving average of GBX 4,098.54 and a two-hundred day moving average of GBX 3,784.81. The firm has a market capitalization of £10.39 billion, a price-to-earnings ratio of 4.76 and a beta of 0.97.

Pershing Square Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, December 19th. Stockholders of record on Thursday, November 13th will be paid a $0.16 dividend. This is an increase from Pershing Square’s previous dividend of $0.15. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, November 13th. Pershing Square’s dividend payout ratio (DPR) is presently 4.82%.

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.