Finsbury Growth & Income (LON:FGT) Reaches New 1-Year High – Time to Buy?

Finsbury Growth & Income (LON:FGT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 882 ($11.18) and last traded at GBX 882 ($11.18), with a volume of 370692 shares traded. The stock had previously closed at GBX 879 ($11.14).

Finsbury Growth & Income Stock Up 0.3 %

The company has a market cap of £1.62 billion, a price-to-earnings ratio of 1,435.06 and a beta of 0.52. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.68 and a quick ratio of 0.48. The firm has a 50-day moving average price of GBX 852.06 and a 200 day moving average price of GBX 845.98.

Finsbury Growth & Income Increases Dividend

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

About Finsbury Growth & Income

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.