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

Key Points

• Guardian Capital Group's stock surged 45.5% to reach C$66.80, with trading volume increasing by 1,088% compared to its average daily volume.
• The company announced a quarterly dividend payment of $0.39, reflecting an annualized dividend of $1.56 and a dividend yield of 2.3%.
• Guardian Capital Group Ltd operates in Asset Management and Financial Advisory, providing services to both institutional and private investors.

Guardian Capital Group Limited (TSE:GCG - Get Free Report) rose 45.5% during trading 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 Stock Down 0.1%

The stock has a fifty day simple moving average of C$45.36 and a two-hundred day simple moving average of C$42.99. The firm has a market cap of C$1.64 billion, a PE ratio of 10.78 and a beta of 0.75. 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 company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 18th were paid a $0.39 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.56 annualized dividend and a yield of 2.3%. Guardian Capital Group's dividend payout ratio 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.