Pershing Square (LON:PSH) Stock Price Down 3% – What’s Next?

Pershing Square Holdings (LON:PSH) fell 3% during trading on Monday . The stock traded as low as GBX 3,784.01 ($48.72) and last traded at GBX 3,794 ($48.85). 239,074 shares changed hands during trading, an increase of 23% from the average session volume of 195,068 shares. The stock had previously closed at GBX 3,910 ($50.34).

Pershing Square Stock Down 3.0 %

The company has a debt-to-equity ratio of 18.59, a current ratio of 40.41 and a quick ratio of 8.65. The company has a market cap of £8.68 billion, a PE ratio of 3.98 and a beta of 0.97. The company has a fifty day moving average price of GBX 4,204.74 and a 200 day moving average price of GBX 3,841.75.

Pershing Square Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 19th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.16 per share. This is a positive change from Pershing Square’s previous dividend of $0.15. The ex-dividend date of this dividend is Thursday, November 13th. This represents a dividend yield of 0.32%. Pershing Square’s payout ratio is presently 4.82%.

Pershing Square Company Profile

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.