Cardiff Property (LON:CDFF) Hits New 52-Week High Following Dividend Announcement

Shares of Cardiff Property Plc (LON:CDFF) hit a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as GBX 2,450 ($31.06) and last traded at GBX 2,402 ($30.45), with a volume of 315 shares. The stock had previously closed at GBX 2,300 ($29.16).

The newly announced dividend which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of GBX 17 ($0.22) per share. This represents a dividend yield of 0.74%. This is a positive change from Cardiff Property’s previous dividend of $6.50. The ex-dividend date of this dividend is Friday, January 17th. Cardiff Property’s dividend payout ratio (DPR) is presently 2,017.54%.

Cardiff Property Stock Up 4.4 %

The company has a debt-to-equity ratio of 0.54, a current ratio of 15.74 and a quick ratio of 6.39. The company has a market capitalization of £24.98 million, a P/E ratio of 2,017.54 and a beta of -0.11. The stock has a 50-day moving average price of GBX 2,296.86 and a 200-day moving average price of GBX 2,293.82.

About Cardiff Property

The Group, including Campmoss, specialises in property investment and development in the Thames Valley. The total portfolio including the jointly controlled Campmoss investment and development portfolio, valued in excess of £22m, is primarily located to the west of London, close to Heathrow Airport and in Surrey and Berkshire.