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Polar Capital Global Financials (LON:PCFT) Sets New 12-Month High - What's Next?

Polar Capital Global Financials logo with Financial Services background

Polar Capital Global Financials (LON:PCFT - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 208.50 ($2.62) and last traded at GBX 207.50 ($2.61), with a volume of 482942 shares changing hands. The stock had previously closed at GBX 206.50 ($2.60).

Polar Capital Global Financials Trading Up 0.2 %

The firm has a market cap of £631.15 million, a PE ratio of 5.51 and a beta of 0.98. The company has a current ratio of 17.44, a quick ratio of 0.68 and a debt-to-equity ratio of 12.23. The business has a fifty day moving average price of GBX 197.51 and a 200 day moving average price of GBX 186.20.

Polar Capital Global Financials Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, February 6th will be issued a GBX 2.20 ($0.03) dividend. The ex-dividend date is Thursday, February 6th. This represents a dividend yield of 1.09%. Polar Capital Global Financials's payout ratio is currently 13.31%.

Polar Capital Global Financials Company Profile

(Get Free Report)

Polar Capital Global Financials Trust plc is a UK investment trust launched in July 2013, co-managed by Polar Capital's John Yakas, Nick Brind and George Barrow. The Trust was initially launched with a fixed term life but in April 2020 moved to 5-yearly tender offers with no fixed end of life. The first of the regular tender offers will be on or before 30 June 2025. PCFT aims to select the best investment opportunities from the world of financials.

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