Insider Buying: City of London (LON:CTY) Insider Acquires 9,200 Shares of Stock

City of London (LON:CTY - Get Free Report) insider Sally Lake purchased 9,200 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average price of GBX 431 ($5.64) per share, for a total transaction of £39,652 ($51,880.15).

City of London Stock Performance

LON:CTY traded up GBX 8.98 ($0.12) during trading hours on Monday, reaching GBX 444.98 ($5.82). 914,174 shares of the company's stock were exchanged, compared to its average volume of 1,201,315. The company has a quick ratio of 0.50, a current ratio of 7.10 and a debt-to-equity ratio of 7.40. The firm has a market capitalization of £2.20 billion, a price-to-earnings ratio of 7.49 and a beta of 0.66. City of London has a 1-year low of GBX 382.27 ($5.00) and a 1-year high of GBX 458.50 ($6.00). The company has a 50-day moving average of GBX 442.42 and a 200 day moving average of GBX 434.83.

City of London Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Sunday, June 1st. Shareholders of record on Sunday, May 25th will be paid a dividend of GBX 5.40 ($0.07) per share. This represents a yield of 1.21%. The ex-dividend date of this dividend is Sunday, May 25th. City of London's dividend payout ratio is presently 35.35%.

City of London Company Profile