Majedie Investments (LON:MAJE) Hits New 1-Year High – What’s Next?

Majedie Investments (LON:MAJE)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 272 ($3.33) and last traded at GBX 272 ($3.33), with a volume of 17979 shares traded. The stock had previously closed at GBX 264 ($3.23).

Majedie Investments Trading Up 3.0 %

The firm’s 50-day moving average price is GBX 247.13 and its 200 day moving average price is GBX 239.44. The company has a market cap of £144.16 million, a price-to-earnings ratio of 877.42 and a beta of 0.87. The company has a current ratio of 0.22, a quick ratio of 8.62 and a debt-to-equity ratio of 14.44.

Majedie Investments Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were issued a GBX 2.10 ($0.03) dividend. This represents a yield of 0.92%. This is a boost from Majedie Investments’s previous dividend of $2.00. The ex-dividend date was Thursday, November 14th. Majedie Investments’s dividend payout ratio (DPR) is presently 2,580.65%.

Majedie Investments Company Profile

Majedie Investments PLC is an investment trust founded in 1910 and managed by Marylebone Partners LLP.

Marylebone Partners combines investments from three complementary strategies sourced from around the globe into a single portfolio comprising hard-to-access special investments, external niche manager allocations and investments in publicly-listed companies.