Edinburgh Investment (LON:EDIN) Raises Dividend to GBX 6.90 Per Share

Edinburgh Investment (LON:EDIN) declared a dividend on Wednesday, April 24th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 2nd will be given a dividend of GBX 6.90 ($0.09) per share on Friday, May 24th. This represents a dividend yield of 0.97%. The ex-dividend date is Thursday, May 2nd. This is an increase from Edinburgh Investment’s previous dividend of $6.70. The official announcement can be viewed at this link.

Edinburgh Investment Stock Up 0.1 %

LON:EDIN opened at GBX 711 ($8.78) on Wednesday. Edinburgh Investment has a twelve month low of GBX 612.70 ($7.57) and a twelve month high of GBX 713 ($8.81). The firm has a market capitalization of £1.08 billion, a price-to-earnings ratio of 546.00 and a beta of 0.82. The company has a quick ratio of 3.88, a current ratio of 7.79 and a debt-to-equity ratio of 10.70. The stock’s 50 day moving average price is GBX 677.56 and its two-hundred day moving average price is GBX 668.48.

Insider Activity at Edinburgh Investment

In other news, insider Annabel Tagoe-Bannerman acquired 732 shares of the stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of GBX 682 ($8.42) per share, for a total transaction of £4,992.24 ($6,166.30). In other Edinburgh Investment news, insider Elisabeth Stheeman purchased 551 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of GBX 668 ($8.25) per share, for a total transaction of £3,680.68 ($4,546.29). Also, insider Annabel Tagoe-Bannerman acquired 732 shares of Edinburgh Investment stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of GBX 682 ($8.42) per share, with a total value of £4,992.24 ($6,166.30). 3.59% of the stock is owned by company insiders.

About Edinburgh Investment

The Edinburgh Investment Trust plc is a closed-ended equity mutual fund launched and managed by Majedie Asset Management 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. The fund primarily invests in dividend paying growth stocks of companies.