Pershing Square (LON:PSH) Shares Down 3% – Here’s Why

Pershing Square Holdings (LON:PSH) shares dropped 3% during mid-day trading on Monday . The company traded as low as GBX 3,784.01 ($49.07) and last traded at GBX 3,794 ($49.20). Approximately 239,074 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 195,068 shares. The stock had previously closed at GBX 3,910 ($50.71).

Pershing Square Trading Down 1.8 %

The business has a fifty day moving average of GBX 4,199.10 and a 200-day moving average of GBX 3,843.75. The company has a debt-to-equity ratio of 18.59, a quick ratio of 8.65 and a current ratio of 40.41. The company has a market capitalization of £8.52 billion, a P/E ratio of 3.90 and a beta of 0.97.

Pershing Square Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, December 19th. Investors of record on Thursday, November 13th will be issued a $0.16 dividend. This is a boost from Pershing Square’s previous dividend of $0.15. This represents a dividend yield of 0.32%. The ex-dividend date is Thursday, November 13th. Pershing Square’s dividend payout ratio (DPR) is currently 4.82%.

About Pershing Square

Pershing Square Holdings (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.