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Finsbury Growth & Income (LON:FGT) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Finsbury Growth & Income logo with Finance background

Finsbury Growth & Income (LON:FGT - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 849.06 ($11.05) and traded as high as GBX 852 ($11.09). Finsbury Growth & Income shares last traded at GBX 851.37 ($11.08), with a volume of 786,247 shares trading hands.

Finsbury Growth & Income Price Performance

The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.48 and a current ratio of 5.68. The business has a 50 day simple moving average of GBX 849.06 and a 200-day simple moving average of GBX 843.14. The firm has a market cap of £1.55 billion, a price-to-earnings ratio of 1,385.25 and a beta of 0.52.

Finsbury Growth & Income Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be given a dividend of GBX 10.80 ($0.14) per share. This is a boost from Finsbury Growth & Income's previous dividend of $8.80. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 1.27%. Finsbury Growth & Income's payout ratio is presently 3,114.75%.

About Finsbury Growth & Income

(Get Free Report)

Finsbury Growth & Income Trust PLC is a closed ended equity mutual fund launched Frostrow Capital LLP. The fund is co-managed by Lindsell Train Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.

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