City of London (LON:CTY) Hits New 1-Year High – What’s Next?

City of London (LON:CTYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 400 ($5.00) and last traded at GBX 431.50 ($5.40), with a volume of 442634 shares trading hands. The stock had previously closed at GBX 434.50 ($5.44).

City of London Trading Down 0.7 %

The firm has a 50-day moving average of GBX 428.09 and a 200 day moving average of GBX 431.44. The company has a market cap of £2.13 billion, a P/E ratio of 1,726.00 and a beta of 0.66. The company has a current ratio of 3.34, a quick ratio of 0.50 and a debt-to-equity ratio of 5.73.

City of London Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, January 23rd will be issued a dividend of GBX 5.25 ($0.07) per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, January 23rd. City of London’s payout ratio is 8,400.00%.

About City of London

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