Pershing Square (OTCMKTS:PSHZF) Sets New 12-Month High - Should You Buy?

Key Points

• Pershing Square Holdings shares reached a new 52-week high of $62.50, closing at $61.86 with a trading volume of 24,174 shares.
• The company announced a quarterly dividend of $0.1646 per share, to be paid on September 19th, reflecting an annualized yield of 1.1%.
• Pershing Square is a closed-ended balanced fund that invests in public equity and fixed income markets globally, focusing on value stocks.

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $62.50 and last traded at $61.86, with a volume of 24174 shares changing hands. The stock had previously closed at $60.86.

Pershing Square Stock Down 0.5%

The stock's 50-day moving average price is $57.37 and its 200 day moving average price is $52.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 2.01.

Pershing Square Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 15th will be given a dividend of $0.1646 per share. This represents a $0.66 annualized dividend and a yield of 1.0%.

Pershing Square Company Profile

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.