Capital Gearing (LON:CGT) Increases Dividend to GBX 78 Per Share

Capital Gearing (LON:CGT) announced a dividend on Friday, May 24th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 6th will be given a dividend of GBX 78 ($0.99) per share on Friday, July 5th. This represents a dividend yield of 1.65%. The ex-dividend date is Thursday, June 6th. This is a boost from Capital Gearing’s previous dividend of $11.00. The official announcement can be seen at this link.

Capital Gearing Price Performance

Shares of CGT opened at GBX 4,730 ($60.12) on Friday. Capital Gearing has a one year low of GBX 4,325 ($54.97) and a one year high of GBX 4,810 ($61.13). The firm has a market capitalization of £1.01 billion, a P/E ratio of -7,507.94 and a beta of 0.23. The business has a fifty day moving average of GBX 4,723.10 and a 200 day moving average of GBX 4,639.70.

Capital Gearing Company Profile

Capital Gearing Trust p.l.c is a closed ended fixed income mutual fund launched and managed by CG Asset Management Limited. The fund invests in the public equity and fixed income markets of the United Kingdom. It invests in the stocks of companies operating across diversified sectors. For the fixed income portion of the portfolio the fund primarily invests in government bonds.