Guardian Capital Group (TSE:GCG) Trading 45.5% Higher - Here's What Happened

Key Points

• Guardian Capital Group shares surged by 45.5%, reaching a trading price of C$66.80, significantly above its previous closing price of C$45.90.
• The company's recent quarterly dividend announcement included a payout of $0.39 per share, leading to an annualized dividend of $1.56 and a yield of 2.3%.
• With a market capitalization of C$1.63 billion, Guardian Capital operates primarily in asset management and financial advisory sectors, serving both institutional and private wealth clients.

Guardian Capital Group Limited (TSE:GCG - Get Free Report) shot up 45.5% during mid-day trading on Friday . The company traded as high as C$66.90 and last traded at C$66.80. 12,110 shares traded hands during mid-day trading, an increase of 1,088% from the average session volume of 1,019 shares. The stock had previously closed at C$45.90.

Guardian Capital Group Trading Up 0.7%

The stock's 50 day moving average price is C$44.35 and its 200-day moving average price is C$42.66. The company has a quick ratio of 0.64, a current ratio of 0.80 and a debt-to-equity ratio of 14.08. The stock has a market capitalization of C$1.65 billion, a PE ratio of 10.88 and a beta of 0.75.

Guardian Capital Group Announces Dividend

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

Guardian Capital Group Company Profile

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.