Canadian General Investments (TSE:CGI) Stock Passes Below Fifty Day Moving Average of $35.98

Canadian General Investments (TSE:CGIGet Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$35.98 and traded as low as C$35.75. Canadian General Investments shares last traded at C$35.76, with a volume of 13,694 shares trading hands.

Canadian General Investments Trading Down 0.3 %

The company’s 50 day moving average price is C$35.98 and its 200 day moving average price is C$35.16. The company has a debt-to-equity ratio of 15.07, a current ratio of 7.56 and a quick ratio of 7.44. The firm has a market cap of C$745.95 million, a PE ratio of -2.93 and a beta of 1.19.

Canadian General Investments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.25 dividend. This is a positive change from Canadian General Investments’s previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.80%. Canadian General Investments’s dividend payout ratio (DPR) is presently -7.88%.

About Canadian General Investments

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Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.

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