Polar Capital Global Financials (LON:PCFT) Reaches New 12-Month High – Here’s What Happened

Shares of Polar Capital Global Financials (LON:PCFT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 208.50 ($2.60) and last traded at GBX 207.50 ($2.58), with a volume of 482942 shares traded. The stock had previously closed at GBX 206.50 ($2.57).

Polar Capital Global Financials Stock Down 0.2 %

The company has a 50 day moving average of GBX 196.92 and a 200-day moving average of GBX 185.68. The company has a debt-to-equity ratio of 12.23, a current ratio of 17.44 and a quick ratio of 0.68. The company has a market cap of £625.70 million, a P/E ratio of 556.76 and a beta of 0.98.

Polar Capital Global Financials Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, February 6th will be given a dividend of GBX 2.20 ($0.03) per share. The ex-dividend date is Thursday, February 6th. This represents a dividend yield of 1.09%. Polar Capital Global Financials’s dividend payout ratio (DPR) is presently 1,351.35%.

Polar Capital Global Financials Company Profile

Polar Capital Global Financials Trust plc is a UK investment trust launched in July 2013, co-managed by Polar Capital’s John Yakas, Nick Brind and George Barrow. The Trust was initially launched with a fixed term life but in April 2020 moved to 5-yearly tender offers with no fixed end of life. The first of the regular tender offers will be on or before 30 June 2025.

PCFT aims to select the best investment opportunities from the world of financials.