CQS New City High Yield (LON:NCYF - Get Free Report) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 51.16 ($0.68) and traded as low as GBX 51 ($0.68). CQS New City High Yield shares last traded at GBX 51 ($0.68), with a volume of 1,014,256 shares.
CQS New City High Yield Stock Performance
The business has a 50 day moving average price of GBX 51.12 and a two-hundred day moving average price of GBX 51.53. 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 £294.74 million, a P/E ratio of 6.29 and a beta of 0.46.
CQS New City High Yield Increases Dividend
The company also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were paid a GBX 2.28 ($0.03) dividend. This represents a dividend yield of 3.69%. This is an increase from CQS New City High Yield's previous dividend of $1.00. The ex-dividend date was Thursday, March 20th. CQS New City High Yield's payout ratio is presently 50.20%.
Insider Buying and Selling at CQS New City High Yield
In other news, insider Wendy Dorman bought 38,600 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of GBX 51 ($0.68) per share, for a total transaction of £19,686 ($26,153.85). 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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