City of London (LON:CTY) Shares Pass Above Fifty Day Moving Average – Here’s Why

City of London (LON:CTY) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 428.52 ($5.37) and traded as high as GBX 429 ($5.38). City of London shares last traded at GBX 428.50 ($5.37), with a volume of 208,266 shares traded.

City of London Trading Up 0.7 %

The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50. The business’s fifty day simple moving average is GBX 428.52 and its 200 day simple moving average is GBX 430.65. The stock has a market cap of £2.12 billion, a price-to-earnings ratio of 1,714.00 and a beta of 0.66.

City of London Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, January 23rd will be issued a GBX 5.25 ($0.07) dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, January 23rd. City of London’s dividend payout ratio (DPR) is presently 8,400.00%.

About City of London

The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.