Shares of City of London Investment Group Plc (LON:CLIG - Get Free Report) dropped 3.8% during trading on Wednesday . The stock traded as low as GBX 372 ($4.72) and last traded at GBX 377 ($4.78). Approximately 7,526 shares were traded during trading, a decline of 82% from the average daily volume of 42,341 shares. The stock had previously closed at GBX 392 ($4.97).
City of London Investment Group Stock Up 0.5 %
The stock has a market cap of £185.14 million, a price-to-earnings ratio of 1,457.69 and a beta of 0.47. The company has a debt-to-equity ratio of 3.73, a quick ratio of 2.68 and a current ratio of 3.86. The firm's 50-day simple moving average is GBX 380.80 and its two-hundred day simple moving average is GBX 374.05.
City of London Investment Group Increases Dividend
The firm also recently declared a dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 3rd were given a dividend of GBX 22 ($0.28) per share. This is a boost from City of London Investment Group's previous dividend of $11.00. The ex-dividend date was Thursday, October 3rd. This represents a dividend yield of 6.11%. City of London Investment Group's payout ratio is currently 12,692.31%.
About City of London Investment Group
(
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City of London Investment Group PLC is a publically owned investment manager. The firm provides client focused equity portfolios. It invests in public equity markets across the globe. The firm invests in small cap companies in emerging markets to create its portfolios. It uses combination of macroeconomic, qualitative, and top down company analysis to make its investments.
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