City of London (LON:CTY) Sets New 1-Year High – Should You Buy?

City of London (LON:CTYGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 454.50 ($5.88) and last traded at GBX 453.86 ($5.87), with a volume of 690388 shares. The stock had previously closed at GBX 449.50 ($5.81).

City of London Price Performance

The firm has a fifty day moving average of GBX 437.65 and a two-hundred day moving average of GBX 433.94. The company has a current ratio of 7.10, a quick ratio of 0.50 and a debt-to-equity ratio of 7.40. The company has a market capitalization of £2.24 billion, a PE ratio of 7.64 and a beta of 0.66.

City of London Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Thursday, January 23rd were issued a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date was Thursday, January 23rd. This represents a yield of 1.2%. City of London’s dividend payout ratio is currently 35.35%.

About City of London

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