CQS New City High Yield (LON:NCYF - Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 50.71 ($0.68) and traded as low as GBX 50.20 ($0.68). CQS New City High Yield shares last traded at GBX 50.60 ($0.68), with a volume of 723,856 shares changing hands.
CQS New City High Yield Trading Up 0.4%
The stock has a fifty day moving average of GBX 50.67 and a 200-day moving average of GBX 51.32. The company has a debt-to-equity ratio of 12.80, a quick ratio of 2.43 and a current ratio of 0.33. The company has a market cap of £298.56 million, a PE ratio of 6.38 and a beta of 0.46.
CQS New City High Yield Increases Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were issued a dividend of GBX 2.28 ($0.03) per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a yield of 3.69%. This is a boost from CQS New City High Yield's previous dividend of $1.00. CQS New City High Yield's payout ratio is presently 50.20%.
Insider Buying and Selling at CQS New City High Yield
In related news, insider Wendy Dorman purchased 38,600 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of GBX 51 ($0.69) per share, for a total transaction of £19,686 ($26,488.16). 0.11% of the stock is currently owned by corporate insiders.
About CQS New City High Yield
(
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CQS New City High Yield Fund Limited aims to provide investors with a high dividend yield and the potential for capital growth by investing in high-yielding, fixed interest securities. These include, but are not limited to, preference shares, loan stocks, corporate bonds (convertible and/or redeemable) and government stocks.
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