City of London (LON:CTY – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 458.50 ($5.94) and last traded at GBX 458.20 ($5.93), with a volume of 197400 shares traded. The stock had previously closed at GBX 456.50 ($5.91).
City of London Price Performance
The firm’s 50 day moving average is GBX 442.18 and its two-hundred day moving average is GBX 435.01. The stock has a market cap of £2.24 billion, a price-to-earnings ratio of 7.63 and a beta of 0.66. The company has a current ratio of 7.10, a quick ratio of 0.50 and a debt-to-equity ratio of 7.40.
City of London Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 12 ($0.16) per share. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from City of London’s previous dividend of $5.25. This represents a dividend yield of 4.12%. City of London’s payout ratio is 35.35%.
About City of London
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