Guardian Capital Group (TSE:GCG) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Guardian Capital Group (TSE:GCG) saw its stock price rise above its 200-day moving average of C$43.60, reaching a high of C$66.90 during trading.
• The company has a debt-to-equity ratio of 14.08 and a market capitalization of C$1.64 billion, indicating its financial health and market position.
• Guardian Capital recently declared a quarterly dividend of $0.39 per share, which corresponds to an annualized yield of 2.3% and a payout ratio of 24.27%.

Guardian Capital Group Limited (TSE:GCG - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$43.60 and traded as high as C$66.90. Guardian Capital Group shares last traded at C$66.90, with a volume of 1,100 shares.

Guardian Capital Group Trading Up 0.5%

The stock has a market cap of C$1.64 billion, a PE ratio of 10.83 and a beta of 1.09. The company has a debt-to-equity ratio of 14.08, a quick ratio of 0.64 and a current ratio of 0.80. The stock has a fifty day moving average price of C$49.26 and a 200 day moving average price of C$44.25.

Guardian Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 18th were issued a $0.39 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.3%. Guardian Capital Group's 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.