Pershing Square (LON:PSH) Hits New 1-Year High – Here’s Why

Pershing Square Holdings (LON:PSH)’s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 4,372 ($54.03) and last traded at GBX 4,362 ($53.91), with a volume of 44733 shares. The stock had previously closed at GBX 4,366 ($53.95).

Pershing Square Stock Up 1.0 %

The business’s 50 day moving average is GBX 4,026.37 and its 200 day moving average is GBX 3,763.79. The company has a debt-to-equity ratio of 19.50, a quick ratio of 8.65 and a current ratio of 22.15. The stock has a market cap of £8.11 billion, a price-to-earnings ratio of 418.38 and a beta of 0.97.

Pershing Square Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 19th. Investors of record on Thursday, November 13th will be paid a $0.16 dividend. This is a positive change from Pershing Square’s previous dividend of $0.15. The ex-dividend date is Thursday, November 13th. This represents a yield of 0.32%. Pershing Square’s dividend payout ratio (DPR) is currently 436.43%.

Insider Buying and Selling

In other Pershing Square news, insider Bronwyn Curtis sold 554 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of GBX 3,613 ($44.65), for a total value of £20,016.02 ($24,735.57). Company insiders own 1.00% of the company’s stock.

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.