Canadian General Investments (TSE:CGI) Hits New 52-Week High – Should You Buy?

Shares of Canadian General Investments (TSE:CGI) hit a new 52-week high on Wednesday . The company traded as high as C$41.97 and last traded at C$41.97, with a volume of 2740 shares changing hands. The stock had previously closed at C$41.30.

Canadian General Investments Stock Performance

The stock has a fifty day simple moving average of C$39.78 and a two-hundred day simple moving average of C$38.49. The stock has a market cap of C$844.62 million, a price-to-earnings ratio of 5.22 and a beta of 1.18. The company has a debt-to-equity ratio of 13.42, a quick ratio of 7.44 and a current ratio of 6.79.

Canadian General Investments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, November 29th. Canadian General Investments’s dividend payout ratio is presently 12.80%.

Canadian General Investments Company Profile

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.