Guardian Capital Group (TSE:GCG.A) Sets New 12-Month High - Still a Buy?

Key Points

• Guardian Capital Group shares reached a new 52-week high of C$67.52, closing at C$67.33 with a market capitalization of C$1.65 billion.
• The company announced a quarterly dividend increase to $0.39, resulting in a 2.3% annual dividend yield.
• Guardian Capital operates in Asset Management and Financial Advisory, offering a variety of investment management services.

Guardian Capital Group Limited (TSE:GCG.A - )'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$67.52 and last traded at C$67.33, with a volume of 3290 shares changing hands. The stock had previously closed at C$67.00.

Guardian Capital Group Price Performance

The stock has a market capitalization of C$1.65 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of -22.04 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 14.28. The company's 50-day moving average is C$56.53 and its 200 day moving average is C$46.43.

Guardian Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 18th were given a $0.39 dividend. 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. This is an increase from Guardian Capital Group's previous quarterly dividend of $0.37. 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.

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