Finsbury Growth & Income (LON:FGT - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 887.99 ($11.35) and traded as low as GBX 865 ($11.05). Finsbury Growth & Income shares last traded at GBX 873.95 ($11.17), with a volume of 421,841 shares trading hands.
Finsbury Growth & Income Trading Up 4.4 %
The firm has a 50-day simple moving average of GBX 908.28 and a two-hundred day simple moving average of GBX 887.20. The company has a market capitalization of £1.24 billion, a price-to-earnings ratio of 13.71 and a beta of 0.52.
Finsbury Growth & Income Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Thursday, April 17th will be issued a GBX 1.80 ($0.02) dividend. The ex-dividend date is Thursday, April 17th. This represents a yield of 3.4%. Finsbury Growth & Income's dividend payout ratio is currently 31.21%.
Finsbury Growth & Income Company Profile
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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.
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