City of London (LON:CTY) to Issue Dividend Increase – GBX 5.25 Per Share

City of London (LON:CTY) declared a dividend on Thursday, April 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 25th will be paid a dividend of GBX 5.25 ($0.06) per share on Friday, May 31st. This represents a dividend yield of 1.3%. The ex-dividend date is Thursday, April 25th. This is a boost from City of London’s previous dividend of $5.05. The official announcement can be seen at this link.

City of London Stock Up 0.3 %

Shares of LON CTY opened at GBX 412.10 ($5.09) on Wednesday. The firm has a market capitalization of £2.07 billion, a PE ratio of 1,644.00 and a beta of 0.67. The company has a current ratio of 3.34, a quick ratio of 0.50 and a debt-to-equity ratio of 5.73. City of London has a 1 year low of GBX 371.50 ($4.59) and a 1 year high of GBX 429.50 ($5.31). The firm’s 50-day moving average is GBX 398.26 and its 200-day moving average is GBX 396.47.

Insider Activity

In other City of London news, insider Ominder Dhillon bought 1,500 shares of City of London stock in a transaction dated Tuesday, February 27th. The shares were bought at an average price of GBX 393 ($4.85) per share, with a total value of £5,895 ($7,281.37). Insiders own 1.47% of the company’s stock.

About City of London

The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.