City Merchants High Yield Trust Plc (LON:CMHY) insider Stuart McMaster purchased 25,000 shares of City Merchants High Yield Trust stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average cost of GBX 192 ($2.51) per share, for a total transaction of £48,000 ($62,720.50).

CMHY opened at GBX 192.50 ($2.52) on Thursday. The company has a market cap of $188.39 million and a price-to-earnings ratio of -28.31. The stock has a fifty day simple moving average of GBX 191.57 and a two-hundred day simple moving average of GBX 160.42. City Merchants High Yield Trust Plc has a 12-month low of GBX 1.82 ($0.02) and a 12-month high of GBX 193.01 ($2.52).

The firm also recently announced a dividend, which will be paid on Monday, November 18th. Stockholders of record on Thursday, October 17th will be issued a dividend of GBX 2.50 ($0.03) per share. This represents a dividend yield of 1.3%. The ex-dividend date is Thursday, October 17th. City Merchants High Yield Trust’s dividend payout ratio (DPR) is presently -1.47%.

City Merchants High Yield Trust Company Profile

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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