Guardian Capital Group (TSE:GCG.A) Stock Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Guardian Capital Group shares have crossed above their 200-day moving average of C$46.43, trading as high as C$67.33, with a last traded price of C$67.00.
• The company has recently announced an increase in its quarterly dividend to $0.39 per share, resulting in a 2.3% yield, up from the previous $0.37 dividend.
• Guardian Capital Group has a market capitalization of C$1.65 billion and key financial ratios indicating steady performance, including a PE ratio of 10.84.

Guardian Capital Group Limited (TSE:GCG.A - ) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$46.43 and traded as high as C$67.33. Guardian Capital Group shares last traded at C$67.00, with a volume of 80,137 shares changing hands.

Guardian Capital Group Stock Down 0.0%

The firm has a market cap of C$1.65 billion, a PE ratio of 10.84, a PEG ratio of -22.04 and a beta of 1.16. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.64 and a current ratio of 1.03. The company's 50-day simple moving average is C$56.53 and its two-hundred day simple moving average is C$46.43.

Guardian Capital Group Increases Dividend

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

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