Finsbury Growth & Income (LON:FGT) Hits New 12-Month High – Time to Buy?

Shares of Finsbury Growth & Income (LON:FGT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 882 ($11.23) and last traded at GBX 882 ($11.23), with a volume of 370692 shares. The stock had previously closed at GBX 879 ($11.20).

Finsbury Growth & Income Stock Performance

The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.48 and a current ratio of 5.68. The stock has a market cap of £1.62 billion, a PE ratio of 1,447.54 and a beta of 0.52. The firm has a fifty day moving average price of GBX 852.46 and a 200 day moving average price of GBX 846.16.

Finsbury Growth & Income Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd were issued a GBX 10.80 ($0.14) dividend. This represents a yield of 1.27%. The ex-dividend date was Thursday, October 3rd. This is an increase from Finsbury Growth & Income’s previous dividend of $8.80. Finsbury Growth & Income’s dividend payout ratio (DPR) is currently 3,114.75%.

Finsbury Growth & Income Company Profile

Finsbury Growth & Income Trust PLC is a closed ended equity mutual fund launched Frostrow Capital LLP. The fund is co-managed by Lindsell Train Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.