Pacific Assets (LON:PAC) Stock Passes Above 50-Day Moving Average of $366.77

Pacific Assets (LON:PACGet Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 366.77 ($4.67) and traded as high as GBX 378.67 ($4.82). Pacific Assets shares last traded at GBX 372 ($4.74), with a volume of 161,341 shares traded.

Pacific Assets Stock Up 2.2 %

The company has a 50 day moving average of GBX 367.25 and a 200-day moving average of GBX 363.90. The stock has a market capitalization of £459.65 million, a P/E ratio of -7,600.00 and a beta of 0.41.

Pacific Assets Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 13th will be paid a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, June 13th. This is a boost from Pacific Assets’s previous dividend of $2.30. This represents a yield of 1.1%. Pacific Assets’s dividend payout ratio (DPR) is -8,000.00%.

Pacific Assets Company Profile

(Get Free Report)

Pacific Assets Trust plc is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is managed by First State Investment Management (UK) Limited. The fund invests in public equity markets of the Asia-Pacific region, excluding Japan, Australia, and New Zealand. It seeks to invest in stocks of companies operating across diversified sectors.

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