City of London (LON:CTY) Sets New 12-Month High – Here’s Why

City of London (LON:CTYGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 395 ($5.04) and last traded at GBX 434.54 ($5.54), with a volume of 436287 shares trading hands. The stock had previously closed at GBX 436.50 ($5.56).

City of London Price Performance

The stock has a market cap of £2.15 billion, a PE ratio of 1,746.00 and a beta of 0.66. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.50 and a current ratio of 3.34. The stock’s 50-day moving average is GBX 429.75 and its two-hundred day moving average is GBX 430.17.

City of London Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, January 23rd will be issued a dividend of GBX 5.25 ($0.07) per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, January 23rd. City of London’s dividend payout ratio (DPR) is 8,400.00%.

City of London Company Profile

(Get Free Report)

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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