Shares of Finsbury Growth & Income (LON:FGT - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 898.17 ($12.19) and traded as high as GBX 915 ($12.42). Finsbury Growth & Income shares last traded at GBX 907 ($12.31), with a volume of 404,174 shares trading hands.
Finsbury Growth & Income Trading Down 1.1%
The stock has a market capitalization of £1.35 billion, a P/E ratio of 14.90 and a beta of 0.52. The firm's fifty day moving average is GBX 898.17 and its 200-day moving average is GBX 903.23.
Finsbury Growth & Income (LON:FGT - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The investment trust reported GBX 7.60 ($0.10) earnings per share (EPS) for the quarter. Finsbury Growth & Income had a net margin of 89.28% and a return on equity of 6.50%.
Finsbury Growth & Income Cuts Dividend
The business also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Thursday, April 17th were paid a GBX 1.80 ($0.02) dividend. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, April 17th. Finsbury Growth & Income's dividend payout ratio is presently 31.21%.
About Finsbury Growth & Income
(
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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.
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