Canadian General Investments (TSE:CGI) Hits New 52-Week High – Should You Buy?

Canadian General Investments (TSE:CGI) hit a new 52-week high on Wednesday . The company traded as high as C$41.97 and last traded at C$41.97, with a volume of 2740 shares. The stock had previously closed at C$41.30.

Canadian General Investments Stock Performance

The company has a market cap of C$844.62 million, a P/E ratio of 5.22 and a beta of 1.18. The company has a quick ratio of 7.44, a current ratio of 6.79 and a debt-to-equity ratio of 13.42. The stock has a 50 day moving average price of C$39.78 and a two-hundred day moving average price of C$38.49.

Canadian General Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 2.47%. Canadian General Investments’s dividend payout ratio (DPR) is presently 12.80%.

About Canadian General Investments

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.