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

Guardian Capital Group logo with Financial Services background

Key Points

  • Guardian Capital Group's stock surged 45.5%, reaching a high of C$66.90, with trading volume increasing by 1,088% compared to its average.
  • The company recently declared a quarterly dividend of $0.39 per share, translating to an annual yield of 2.3%.
  • Guardian Capital operates primarily in Asset Management and Financial Advisory sectors, boasting a market capitalization of C$1.63 billion.
  • Five stocks to consider instead of Guardian Capital Group.

Guardian Capital Group Limited (TSE:GCG - Get Free Report)'s share price traded 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 Stock Up 0.7%

The company has a market cap of C$1.65 billion, a PE ratio of 10.88 and a beta of 0.75. 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 debt-to-equity ratio of 14.08, a quick ratio of 0.64 and a current ratio of 0.80.

Guardian Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 18th were paid a $0.39 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is 24.27%.

Guardian Capital Group Company Profile

(Get Free Report)

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.

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