City of London (LON:CTY – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 390 ($5.08) and last traded at GBX 419.73 ($5.46), with a volume of 873534 shares changing hands. The stock had previously closed at GBX 423 ($5.51).
City of London Trading Down 0.7 %
The company has a quick ratio of 0.50, a current ratio of 3.34 and a debt-to-equity ratio of 5.73. The company’s 50-day moving average is GBX 433.35 and its 200-day moving average is GBX 428.72. The stock has a market capitalization of £2.08 billion, a price-to-earnings ratio of 1,680.00 and a beta of 0.66.
City of London Dividend Announcement
The company also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 24th will be given a dividend of GBX 5.25 ($0.07) per share. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, October 24th. City of London’s payout ratio is presently 8,400.00%.
About City of London
The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.
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