CQS New City High Yield (LON:NCYF - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 51.64 ($0.67) and traded as high as GBX 52.20 ($0.68). CQS New City High Yield shares last traded at GBX 51.40 ($0.67), with a volume of 575,038 shares trading hands.
CQS New City High Yield Stock Performance
The company has a market cap of £305.61 million, a price-to-earnings ratio of 6.53 and a beta of 0.46. The firm's 50 day simple moving average is GBX 51.60 and its 200-day simple moving average is GBX 51.74. The company has a debt-to-equity ratio of 12.80, a quick ratio of 2.43 and a current ratio of 0.33.
CQS New City High Yield Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be paid a dividend of GBX 2.28 ($0.03) per share. This represents a yield of 3.69%. The ex-dividend date is Thursday, March 20th. This is a boost from CQS New City High Yield's previous dividend of $1.00. CQS New City High Yield's dividend payout ratio is currently 50.20%.
Insiders Place Their Bets
In other news, insider Wendy Dorman purchased 38,600 shares of the stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of GBX 51 ($0.66) per share, with a total value of £19,686 ($25,486.79). Corporate insiders own 0.11% of the company's stock.
CQS New City High Yield Company Profile
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CQS New City High Yield Fund Limited aims to provide investors with a high dividend yield and the potential for capital growth by investing in high-yielding, fixed interest securities. These include, but are not limited to, preference shares, loan stocks, corporate bonds (convertible and/or redeemable) and government stocks.
Further Reading
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