City of London (LON:CTY) Sets New 1-Year High – Here’s Why

City of London (LON:CTY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 400 ($4.94) and last traded at GBX 431.50 ($5.33), with a volume of 442634 shares trading hands. The stock had previously closed at GBX 434.50 ($5.37).

City of London Trading Up 0.6 %

The stock has a fifty day simple moving average of GBX 428.11 and a 200 day simple moving average of GBX 431.44. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.50 and a current ratio of 3.34. The firm has a market cap of £2.12 billion, a P/E ratio of 1,714.00 and a beta of 0.66.

City of London Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, January 23rd will be given a GBX 5.25 ($0.06) dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, January 23rd. City of London’s dividend payout ratio (DPR) is 8,400.00%.

City of London Company Profile