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Pershing Square (OTCMKTS:PSHZF) Reaches New 52-Week High - Time to Buy?

Pershing Square logo with Finance background

Key Points

  • Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) reached a new 52-week high, trading at $58.85 and recently at $58.30, indicating strong stock performance.
  • The firm announced a quarterly dividend of $0.1646 per share, resulting in an annualized dividend of $0.66 and a dividend yield of 1.1%.
  • Pershing Square has solid financial ratios, with a debt-to-equity ratio of 0.18 and a current and quick ratio of 2.01, reflecting robust liquidity.
  • MarketBeat previews top five stocks to own in October.

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $58.85 and last traded at $58.30, with a volume of 32134 shares. The stock had previously closed at $57.50.

Pershing Square Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 2.01. The company has a 50-day moving average price of $55.90 and a 200-day moving average price of $52.14.

Pershing Square Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.1646 per share. This represents a $0.66 annualized dividend and a yield of 1.1%.

Pershing Square Company Profile

(Get Free Report)

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.

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