City of London (LON:CTY) Sets New 1-Year High at $429.51

City of London (LON:CTY)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 429.51 ($5.43) and last traded at GBX 429.50 ($5.43), with a volume of 1030772 shares changing hands. The stock had previously closed at GBX 425.50 ($5.38).

City of London Stock Performance

The stock has a market cap of £2.13 billion, a P/E ratio of 1,702.00 and a beta of 0.66. The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50. The firm’s 50-day moving average price is GBX 420.32 and its 200-day moving average price is GBX 407.24.

City of London Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, April 25th were given a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date was Thursday, April 25th. This represents a dividend yield of 1.3%. This is a boost from City of London’s previous dividend of $5.05. City of London’s dividend payout ratio (DPR) is presently 8,400.00%.

City of London Company Profile

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.