Pacific Assets (PAC) to Issue Dividend of GBX 4 on July 12th

Pacific Assets (LON:PAC) declared a dividend on Tuesday, April 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 13th will be given a dividend of GBX 4 ($0.05) per share by the investment trust on Friday, July 12th. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from Pacific Assets’s previous dividend of $2.30. The official announcement can be seen at this link.

Pacific Assets Price Performance

Pacific Assets stock opened at GBX 366 ($4.60) on Thursday. Pacific Assets has a one year low of GBX 338 ($4.25) and a one year high of GBX 390 ($4.90). The company’s fifty day moving average price is GBX 357.49 and its two-hundred day moving average price is GBX 360. The company has a market capitalization of £442.71 million, a price-to-earnings ratio of 1,723.81 and a beta of 0.42.

Pacific Assets Company Profile

Pacific Assets Trust plc is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is managed by First State Investment Management (UK) Limited. The fund invests in public equity markets of the Asia-Pacific region, excluding Japan, Australia, and New Zealand. It seeks to invest in stocks of companies operating across diversified sectors.