City of London (LON:CTY) Sets New 52-Week High – What’s Next?

City of London (LON:CTY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 395 ($4.97) and last traded at GBX 423 ($5.33), with a volume of 824375 shares traded. The stock had previously closed at GBX 420.50 ($5.29).

City of London Stock Up 0.6 %

The company has a market cap of £2.12 billion, a P/E ratio of 1,708.00 and a beta of 0.66. The stock has a 50-day moving average of GBX 431.31 and a 200 day moving average of GBX 429.06. The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50.

City of London Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be issued a GBX 5.25 ($0.07) dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 24th. City of London’s dividend payout ratio is currently 8,400.00%.

About City of London

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.