City Merchants High Yield Trust Plc (LON:CMHY) shares reached a new 52-week low on Monday . The company traded as low as GBX 175.27 ($2.29) and last traded at GBX 176.50 ($2.31), with a volume of 201942 shares trading hands. The stock had previously closed at GBX 181.25 ($2.37).

The business also recently declared a dividend, which was paid on Monday, November 19th. Stockholders of record on Thursday, October 18th were paid a GBX 2.50 ($0.03) dividend. This represents a dividend yield of 1.31%. The ex-dividend date was Thursday, October 18th.

In other City Merchants High Yield Trust news, insider Tim Scholefield acquired 4,300 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were acquired at an average price of GBX 187 ($2.44) per share, with a total value of £8,041 ($10,506.99).

ILLEGAL ACTIVITY WARNING: “City Merchants High Yield Trust (CMHY) Reaches New 52-Week Low at $175.27” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2018/12/10/city-merchants-high-yield-trust-cmhy-reaches-new-52-week-low-at-175-27.html.

About City Merchants High Yield Trust (LON:CMHY)

City Merchants High Yield Trust Limited is a closed-ended fixed income mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in fixed income markets across the globe. It primarily invests in high yield fixed income securities including preference shares, convertible and redeemable loan stocks, corporate bonds, and government bonds.

See Also: What is the LIBOR?

Receive News & Ratings for City Merchants High Yield Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City Merchants High Yield Trust and related companies with MarketBeat.com's FREE daily email newsletter.