Finsbury Growth & Income (LON:FGT) Posts Quarterly Earnings Results

Finsbury Growth & Income (LON:FGT - Get Free Report) issued its quarterly earnings data on Thursday. The investment trust reported GBX 7.60 ($0.10) EPS for the quarter, Digital Look Earnings reports. Finsbury Growth & Income had a return on equity of 6.50% and a net margin of 89.28%.

Finsbury Growth & Income Stock Up 0.1%

LON:FGT traded up GBX 1 ($0.01) during mid-day trading on Friday, hitting GBX 908 ($12.22). 274,651 shares of the company traded hands, compared to its average volume of 468,298. The stock's fifty day moving average price is GBX 889.14 and its 200-day moving average price is GBX 899.73. Finsbury Growth & Income has a one year low of GBX 790.88 ($10.64) and a one year high of GBX 964 ($12.97). The firm has a market cap of £1.35 billion, a price-to-earnings ratio of 14.91 and a beta of 0.52.

Finsbury Growth & Income Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Thursday, April 17th will be issued a GBX 1.80 ($0.02) dividend. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, April 17th. Finsbury Growth & Income's payout ratio is currently 31.21%.

Finsbury Growth & Income Company Profile

The Company was founded in 1926 and Nick Train has managed the portfolio since his firm, Lindsell Train, was appointed as Portfolio Manager in 2000. Finsbury Growth & Income Trust PLC (“the Company”) invests principally in the securities of UK listed companies, whilst up to a maximum of 20% of the Company's portfolio, at the time of acquisition, can be invested in quoted companies outside of the UK.