City of London (LON:CTY) Shares Cross Above 50-Day Moving Average of $399.45

City of London (LON:CTY - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 399.45 ($4.93) and traded as high as GBX 413 ($5.10). City of London shares last traded at GBX 409.50 ($5.06), with a volume of 606,187 shares.

City of London Stock Up 0.6 %

The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50. The company has a market capitalization of £2.06 billion, a P/E ratio of 1,638.00 and a beta of 0.67. The company has a 50 day moving average of GBX 399.75 and a 200-day moving average of GBX 396.95.

City of London Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 25th will be paid a GBX 5.25 ($0.06) dividend. The ex-dividend date is Thursday, April 25th. This is a boost from City of London's previous dividend of $5.05. This represents a dividend yield of 1.3%. City of London's dividend payout ratio (DPR) is presently 8,000.00%.

Insider Buying and Selling

In other news, insider Ominder Dhillon acquired 1,500 shares of the business's stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of GBX 393 ($4.85) per share, with a total value of £5,895 ($7,281.37). 1.47% of the stock is owned by insiders.

City of London Company Profile

The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.