Pacific Assets (LON:PAC) to Issue Dividend Increase – GBX 4 Per Share

Pacific Assets (LON:PAC) declared a dividend on Tuesday, April 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 13th will be given a dividend of GBX 4 ($0.05) per share by the investment trust on Friday, July 12th. This represents a dividend yield of 1.1%. The ex-dividend date is Thursday, June 13th. This is a positive change from Pacific Assets’s previous dividend of $2.30. The official announcement can be accessed at this link.

Pacific Assets Stock Up 1.1 %

Shares of PAC stock opened at GBX 366 ($4.60) on Thursday. The firm has a market capitalization of £442.71 million, a PE ratio of 1,723.81 and a beta of 0.42. The company has a 50 day moving average price of GBX 357.49 and a 200-day moving average price of GBX 360. Pacific Assets has a 52 week low of GBX 338 ($4.25) and a 52 week high of GBX 390 ($4.90).

About Pacific Assets

Pacific Assets Trust plc is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is managed by First State Investment Management (UK) Limited. The fund invests in public equity markets of the Asia-Pacific region, excluding Japan, Australia, and New Zealand. It seeks to invest in stocks of companies operating across diversified sectors.