Guardian Capital Group (TSE:GCG) Hits New 52-Week High - Here's Why

Key Points

• Guardian Capital Group shares reached a new 52-week high of C$67.52, with the last trading price at C$66.86.
• The company has a market capitalization of C$1.64 billion and a dividend yield of 2.3%, with an annualized dividend of $1.56 per share.
• Guardian Capital operates in Asset Management and Financial Advisory sectors, providing investment management services to various clients.

Guardian Capital Group Limited (TSE:GCG - ) shares hit a new 52-week high on Friday . The stock traded as high as C$67.52 and last traded at C$66.86, with a volume of 100 shares traded. The stock had previously closed at C$66.85.

Guardian Capital Group Price Performance

The firm has a 50-day simple moving average of C$51.14 and a two-hundred day simple moving average of C$44.87. The company has a market capitalization of C$1.64 billion, a price-to-earnings ratio of 10.82 and a beta of 1.09. The company has a current ratio of 0.80, a quick ratio of 0.64 and a debt-to-equity ratio of 14.08.

Guardian Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 18th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, July 11th. Guardian Capital Group's dividend payout ratio (DPR) is currently 24.27%.

About Guardian Capital Group

Guardian Capital Group Ltd is a diversified financial services company. It operates in two main business areas, Asset Management and Financial Advisory. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio.

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