Pershing Square (LON:PSH) Shares Down 1.9% – Should You Sell?

Pershing Square Holdings (LON:PSH) shares dropped 1.9% during trading on Monday . The company traded as low as GBX 3,674 ($47.71) and last traded at GBX 3,736 ($48.51). Approximately 274,634 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 204,966 shares. The stock had previously closed at GBX 3,810 ($49.47).

Pershing Square Stock Performance

The company has a fifty day moving average of GBX 4,097.22 and a two-hundred day moving average of GBX 3,866.12. The company has a debt-to-equity ratio of 18.59, a quick ratio of 8.65 and a current ratio of 40.41. The company has a market cap of £8.73 billion, a price-to-earnings ratio of 4.00 and a beta of 0.97.

Pershing Square Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, December 19th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.16 per share. This is a boost from Pershing Square’s previous dividend of $0.15. This represents a dividend yield of 0.32%. The ex-dividend date is Thursday, November 13th. Pershing Square’s payout ratio is 4.82%.

About Pershing Square

Pershing Square Holdings (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.