The City of London Investment Trust plc (LON:CTY) insider Ominder Dhillon purchased 3,000 shares of the stock in a transaction dated Wednesday, October 13th. The shares were purchased at an average cost of GBX 385 ($5.03) per share, for a total transaction of £11,550 ($15,090.15).
Shares of LON:CTY traded up GBX 2 ($0.03) during midday trading on Thursday, hitting GBX 384 ($5.02). The company had a trading volume of 509,512 shares, compared to its average volume of 878,964. The company has a debt-to-equity ratio of 7.27, a current ratio of 0.71 and a quick ratio of 0.05. The company has a market cap of £1.71 billion and a price-to-earnings ratio of 6.11. The City of London Investment Trust plc has a 12-month low of GBX 304.23 ($3.97) and a 12-month high of GBX 404 ($5.28). The company has a fifty day moving average of GBX 392.39 and a two-hundred day moving average of GBX 392.42.
The firm also recently declared a dividend, which will be paid on Tuesday, November 30th. Shareholders of record on Thursday, October 28th will be paid a GBX 4.80 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, October 28th. This represents a yield of 1.23%. The City of London Investment Trust’s payout ratio is presently 0.30%.
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.
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