Finsbury Growth & Income (LON:FGT) Hits New 52-Week Low - Here's Why

Finsbury Growth & Income (LON:FGT - Get Free Report) hit a new 52-week low on Monday . The company traded as low as GBX 796 ($10.42) and last traded at GBX 796 ($10.42), with a volume of 804912 shares changing hands. The stock had previously closed at GBX 844 ($11.05).

Finsbury Growth & Income Stock Up 0.4 %

The company's fifty day moving average price is GBX 898.39 and its 200-day moving average price is GBX 886.22. The stock has a market capitalization of £1.27 billion, a PE ratio of 14.03 and a beta of 0.52.

Finsbury Growth & Income Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Thursday, April 17th will be paid a dividend of GBX 1.80 ($0.02) per share. This represents a yield of 3.4%. The ex-dividend date of this dividend is Thursday, April 17th. Finsbury Growth & Income's payout ratio is 31.21%.

About Finsbury Growth & Income

The Company was founded in 1926 and Nick Train has managed the portfolio since his firm, Lindsell Train, was appointed as Portfolio Manager in 2000. Finsbury Growth & Income Trust PLC (“the Company”) invests principally in the securities of UK listed companies, whilst up to a maximum of 20% of the Company's portfolio, at the time of acquisition, can be invested in quoted companies outside of the UK.