Guardian Capital Group (TSE:GCG) Stock Price Up 45.5% - Still a Buy?

Key Points

• Guardian Capital Group (TSE:GCG) shares surged by 45.5%, reaching a high of C$66.90, significantly increasing trading volume by 1,088% from the average.
• The company announced a quarterly dividend of $0.39 per share, resulting in an annualized dividend yield of 2.3% and a dividend payout ratio of 33.15%.
• Guardian Capital Group operates primarily in Asset Management and Financial Advisory, serving both institutional and private investors.

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

Guardian Capital Group Price Performance

The company has a market cap of C$1.64 billion, a P/E ratio of 10.78 and a beta of 0.75. 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 firm's fifty day moving average is C$45.36 and its two-hundred day moving average is C$42.99.

Guardian Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 18th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend 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.