City of London (LON:CTY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 479 ($6.40) and last traded at GBX 474.15 ($6.33), with a volume of 123086 shares. The stock had previously closed at GBX 472 ($6.30).
City of London Trading Down 0.1%
The company has a 50-day moving average price of GBX 454.58 and a 200-day moving average price of GBX 440.27. The firm has a market capitalization of £2.35 billion, a price-to-earnings ratio of 7.99 and a beta of 0.66. The company has a debt-to-equity ratio of 7.40, a quick ratio of 0.50 and a current ratio of 7.10.
City of London Cuts Dividend
The business also recently declared a dividend, which will be paid on Sunday, June 1st. Shareholders of record on Sunday, May 25th will be issued a GBX 5.40 ($0.07) dividend. This represents a yield of 1.21%. The ex-dividend date is Sunday, May 25th. City of London's dividend payout ratio is presently 35.35%.
Insiders Place Their Bets
In related news, insider Sally Lake bought 9,200 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average price of GBX 431 ($5.76) per share, for a total transaction of £39,652 ($52,961.13). 1.49% of the stock is owned by corporate insiders.
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