Guardian Capital Group (TSE:GCG) Sets New 1-Year High - Here's Why

Key Points

• Guardian Capital Group's shares reached a new 52-week high of C$67.40 during trading on Wednesday, last closing at C$66.90 with a trading volume of 2,400 shares.
• The company has a market capitalization of C$1.64 billion, with a P/E ratio of 10.78, and a notable dividend yield of 2.3% based on a recently declared quarterly dividend of $0.39.
• Guardian operates in the diversified financial services sector, focusing on Asset Management and Financial Advisory services for both institutional and private wealth clients.

Shares of Guardian Capital Group Limited (TSE:GCG - ) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$67.40 and last traded at C$66.90, with a volume of 2400 shares trading hands. The stock had previously closed at C$66.85.

Guardian Capital Group Price Performance

The company has a debt-to-equity ratio of 14.08, a current ratio of 0.80 and a quick ratio of 0.64. The stock's fifty day simple moving average is C$47.86 and its 200-day simple moving average is C$43.76. The company has a market capitalization of C$1.64 billion, a P/E ratio of 10.78 and a beta of 1.09.

Guardian Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 18th were given a $0.39 dividend. 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 is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.