Pershing Square (LON:PSH) Stock Price Down 3% - Here's What Happened

Pershing Square Holdings (LON:PSH - Get Free Report)'s stock price dropped 3% during trading on Monday . The stock traded as low as GBX 3,784.01 ($48.95) and last traded at GBX 3,794 ($49.08). Approximately 239,074 shares were traded during trading, an increase of 23% from the average daily volume of 195,068 shares. The stock had previously closed at GBX 3,910 ($50.58).

Pershing Square Trading Down 0.9 %

The company has a 50 day simple moving average of GBX 4,184.62 and a 200 day simple moving average of GBX 3,844.20. The company has a debt-to-equity ratio of 18.59, a quick ratio of 8.65 and a current ratio of 40.41. The company has a market capitalization of £8.33 billion, a PE ratio of 3.82 and a beta of 0.97.

Pershing Square Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 19th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.16 per share. This is a positive change from Pershing Square's previous dividend of $0.15. This represents a yield of 0.32%. The ex-dividend date is Thursday, November 13th. Pershing Square's payout ratio is 4.82%.

Pershing Square Company Profile

Pershing Square Holdings LN:PSHD) (NA: PSH is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.