Pershing Square (LON:PSH) Stock Price Down 0.6% – Here’s Why

Pershing Square Holdings (LON:PSH)’s stock price fell 0.6% during trading on Wednesday . The stock traded as low as GBX 3,599.81 ($45.37) and last traded at GBX 3,600 ($45.37). 140,867 shares were traded during mid-day trading, a decline of 15% from the average session volume of 166,223 shares. The stock had previously closed at GBX 3,622 ($45.65).

Pershing Square Price Performance

The company has a market capitalization of £6.55 billion, a P/E ratio of 341.94 and a beta of 0.97. The company has a debt-to-equity ratio of 19.50, a current ratio of 22.15 and a quick ratio of 8.65. The company’s 50-day moving average price is GBX 3,576.48 and its two-hundred day moving average price is GBX 3,845.95.

Pershing Square Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be given a $0.15 dividend. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Pershing Square’s previous dividend of $0.13. Pershing Square’s payout ratio is presently 436.43%.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.