CQS New City High Yield (LON:NCYF - Get Free Report) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 51.52 ($0.66) and traded as low as GBX 50.96 ($0.66). CQS New City High Yield shares last traded at GBX 51.71 ($0.67), with a volume of 8,164,089 shares.
CQS New City High Yield Price Performance
The firm's fifty day simple moving average is GBX 51.47 and its 200-day simple moving average is GBX 51.74. The company has a market cap of £303.26 million, a PE ratio of 6.48 and a beta of 0.46. The company has a quick ratio of 2.43, a current ratio of 0.33 and a debt-to-equity ratio of 12.80.
CQS New City High Yield Increases Dividend
The business also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were issued a GBX 2.28 ($0.03) dividend. This represents a dividend yield of 3.69%. This is a boost from CQS New City High Yield's previous dividend of $1.00. The ex-dividend date was Thursday, March 20th. CQS New City High Yield's payout ratio is 50.20%.
Insider Activity at CQS New City High Yield
In other news, insider Wendy Dorman acquired 38,600 shares of CQS New City High Yield stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of GBX 51 ($0.66) per share, with a total value of £19,686 ($25,384.91). Corporate insiders own 0.11% of the company's stock.
About CQS New City High Yield
(
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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.
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