City of London (LON:CTY) Sets New 12-Month High – Here’s What Happened

Shares of City of London (LON:CTYGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 458.50 ($5.94) and last traded at GBX 458.20 ($5.93), with a volume of 197400 shares traded. The stock had previously closed at GBX 456.50 ($5.91).

City of London Stock Performance

The company has a market cap of £2.24 billion, a PE ratio of 7.63 and a beta of 0.66. The stock’s 50 day simple moving average is GBX 442.18 and its two-hundred day simple moving average is GBX 435.01. The company has a quick ratio of 0.50, a current ratio of 7.10 and a debt-to-equity ratio of 7.40.

City of London Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 20th will be given a GBX 12 ($0.16) dividend. This is a positive change from City of London’s previous dividend of $5.25. This represents a dividend yield of 4.12%. The ex-dividend date is Thursday, March 20th. City of London’s dividend payout ratio (DPR) is 35.35%.

About City of London

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