City of London (LON:CTY - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 463 ($6.13) and last traded at GBX 462.50 ($6.13), with a volume of 1170832 shares changing hands. The stock had previously closed at GBX 460.50 ($6.10).
City of London Trading Up 1.3 %
The firm has a market cap of £2.32 billion, a P/E ratio of 7.89 and a beta of 0.66. The company has a current ratio of 7.10, a quick ratio of 0.50 and a debt-to-equity ratio of 7.40. The company's fifty day moving average price is GBX 444.85 and its two-hundred day moving average price is GBX 435.79.
City of London Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Sunday, June 1st. Shareholders of record on Sunday, May 25th will be paid a GBX 5.40 ($0.07) dividend. This represents a yield of 1.21%. The ex-dividend date is Sunday, May 25th. City of London's dividend payout ratio is currently 35.35%.
Insider Activity at City of London
In related news, insider Sally Lake acquired 9,200 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The stock was purchased at an average price of GBX 431 ($5.71) per share, for a total transaction of £39,652 ($52,540.08). 1.49% of the stock is currently owned by company insiders.
City of London Company Profile
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