Finsbury Growth & Income (LON:FGT) Sets New 12-Month High – Should You Buy?

Finsbury Growth & Income (LON:FGT) hit a new 52-week high on Friday . The stock traded as high as GBX 872 ($10.93) and last traded at GBX 867 ($10.87), with a volume of 146613 shares traded. The stock had previously closed at GBX 867 ($10.87).

Finsbury Growth & Income Stock Performance

The firm has a 50 day moving average of GBX 850.59 and a two-hundred day moving average of GBX 845.34. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.68 and a quick ratio of 0.48. The stock has a market cap of £1.61 billion, a PE ratio of 1,444.26 and a beta of 0.52.

Finsbury Growth & Income Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd were given a dividend of GBX 10.80 ($0.14) per share. This represents a dividend yield of 1.27%. The ex-dividend date was Thursday, October 3rd. This is an increase from Finsbury Growth & Income’s previous dividend of $8.80. Finsbury Growth & Income’s payout ratio is currently 3,114.75%.

Finsbury Growth & Income Company Profile

Finsbury Growth & Income Trust PLC is a closed ended equity mutual fund launched Frostrow Capital LLP. The fund is co-managed by Lindsell Train Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.