Pershing Square (LON:PSH) Shares Down 0.6% – What’s Next?

Pershing Square Holdings (LON:PSH)’s share price dropped 0.6% on Wednesday . The stock traded as low as GBX 3,599.81 ($46.32) and last traded at GBX 3,600 ($46.33). Approximately 140,867 shares traded hands during trading, a decline of 15% from the average daily volume of 166,223 shares. The stock had previously closed at GBX 3,622 ($46.61).

Pershing Square Stock Performance

The company has a debt-to-equity ratio of 19.50, a current ratio of 22.15 and a quick ratio of 8.65. The firm has a market capitalization of £6.62 billion, a P/E ratio of 341.56 and a beta of 0.97. The stock’s 50 day moving average is GBX 3,574.88 and its two-hundred day moving average is GBX 3,851.41.

Pershing Square Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Pershing Square’s previous dividend of $0.13. This represents a dividend yield of 0.32%. Pershing Square’s dividend payout ratio (DPR) is 436.43%.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.