Gulf Investment Fund (LON:GIF) Trading Down 1.7% – What’s Next?

Gulf Investment Fund (LON:GIF) shares traded down 1.7% during trading on Wednesday . The company traded as low as GBX 2.22 ($0.03) and last traded at GBX 2.22 ($0.03). 21,970 shares changed hands during trading, an increase of 28% from the average session volume of 17,141 shares. The stock had previously closed at GBX 2.26 ($0.03).

Gulf Investment Fund Stock Performance

The stock has a market cap of £922,130.00 and a price-to-earnings ratio of 5.56. The company’s 50 day simple moving average is GBX 2.26 and its two-hundred day simple moving average is GBX 2.30.

Gulf Investment Fund Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 1st were paid a $0.05 dividend. The ex-dividend date was Thursday, August 1st. This is an increase from Gulf Investment Fund’s previous dividend of $0.04. This represents a dividend yield of 2.11%. Gulf Investment Fund’s dividend payout ratio is 2,000.00%.

Gulf Investment Fund Company Profile

Qatar Investment Fund plc is a close-ended equity mutual fund launched and managed by Epicure Managers Qatar Limited. The fund is co-managed by Qatar Insurance Company SAQ. It invests in public equity markets of Qatar. The fund benchmarks the performance of its portfolio against Qatar Exchange Index.