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

City of London (LON:CTYGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 400 ($5.00) and last traded at GBX 431.50 ($5.40), with a volume of 442634 shares trading hands. The stock had previously closed at GBX 434.50 ($5.44).

City of London Price Performance

The stock has a market cap of £2.13 billion, a P/E ratio of 1,726.00 and a beta of 0.66. The company’s 50 day moving average price is GBX 428.09 and its 200-day moving average price is GBX 431.44. The company has a quick ratio of 0.50, a current ratio of 3.34 and a debt-to-equity ratio of 5.73.

City of London Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders 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 is Thursday, January 23rd. City of London’s payout ratio is presently 8,400.00%.

About City of London

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