New Star Investment Trust (LON:NSI) Trading 0.9% Higher

New Star Investment Trust plc (LON:NSIGet Free Report) shot up 0.9% during mid-day trading on Thursday . The company traded as high as GBX 119.64 ($1.52) and last traded at GBX 118 ($1.50). 33,931 shares were traded during mid-day trading, an increase of 264% from the average session volume of 9,334 shares. The stock had previously closed at GBX 117 ($1.49).

New Star Investment Trust Stock Performance

The stock has a 50-day moving average of GBX 115.72 and a 200-day moving average of GBX 115.78. The firm has a market cap of £83.80 million, a price-to-earnings ratio of 2,360.00 and a beta of 0.30.

New Star Investment Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 24 ($0.30) per share. The ex-dividend date is Thursday, July 25th. This is a boost from New Star Investment Trust’s previous dividend of $1.70. This represents a dividend yield of 20.34%. New Star Investment Trust’s dividend payout ratio (DPR) is 6,000.00%.

About New Star Investment Trust

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New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.

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