City Merchants High Yield Trust Plc (LON:CMHY) insider Stuart McMaster bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average price of GBX 192 ($2.51) per share, for a total transaction of £48,000 ($62,720.50).
City Merchants High Yield Trust stock opened at GBX 192.50 ($2.52) on Thursday. The company has a market capitalization of $188.39 million and a PE ratio of -28.31. The firm 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 twelve month low of GBX 1.82 ($0.02) and a twelve month high of GBX 193.01 ($2.52).
The firm also recently declared a dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 17th will be given a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date is Thursday, October 17th. This represents a yield of 1.3%. City Merchants High Yield Trust’s payout ratio is -1.47%.
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.
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