Pershing Square (OTCMKTS:PSHZF) Reaches New 52-Week Low - What's Next?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $40.35 and last traded at $42.61, with a volume of 67500 shares changing hands. The stock had previously closed at $43.67.

Pershing Square Stock Up 1.2 %

The firm has a fifty day simple moving average of $50.66 and a 200-day simple moving average of $49.04.

Pershing Square Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were paid a dividend of $0.1646 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.46%. This is a boost from Pershing Square's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 14th.

About Pershing Square

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.