City of London (LON:CTY) Sets New 1-Year High – What’s Next?

City of London (LON:CTY) hit a new 52-week high on Tuesday . The company traded as high as GBX 395 ($4.96) and last traded at GBX 431 ($5.41), with a volume of 143437 shares changing hands. The stock had previously closed at GBX 427.50 ($5.36).

City of London Price Performance

The stock has a market capitalization of £2.13 billion, a P/E ratio of 1,724.00 and a beta of 0.66. The company has a 50 day moving average of GBX 428.23 and a 200-day moving average of GBX 430.86. The company has a quick ratio of 0.50, a current ratio of 3.34 and a debt-to-equity ratio of 5.73.

City of London Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, January 23rd will be issued a GBX 5.25 ($0.07) dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, January 23rd. City of London’s dividend payout ratio (DPR) is presently 8,400.00%.

City of London Company Profile

The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.