Pershing Square (LON:PSH) Hits New 52-Week High – Here’s What Happened

Pershing Square Holdings (LON:PSH) hit a new 52-week high on Monday . The stock traded as high as GBX 57.10 ($0.72) and last traded at GBX 4,524.44 ($56.92), with a volume of 81375 shares trading hands. The stock had previously closed at GBX 4,505.32 ($56.68).

Pershing Square Stock Performance

The company’s 50-day simple moving average is GBX 4,072.29 and its 200 day simple moving average is GBX 3,774.47. The company has a current ratio of 40.41, a quick ratio of 8.65 and a debt-to-equity ratio of 18.59. The stock has a market cap of £10.35 billion, a P/E ratio of 4.74 and a beta of 0.97.

Pershing Square Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, December 19th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a dividend yield of 0.32%. This is a boost from Pershing Square’s previous dividend of $0.15. Pershing Square’s dividend payout ratio (DPR) is currently 4.82%.

Pershing Square Company Profile

Pershing Square Holdings (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.