City of London Investment Group PLC (LON:CLIG) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 95 ($1.26) and last traded at GBX 95 ($1.26), with a volume of 1,598 shares. The stock had previously closed at GBX 428.50 ($5.68).

Separately, Beaufort Securities reissued a “long term buy” rating on shares of City of London Investment Group PLC in a research report on Friday, June 30th.

The firm’s market cap is GBX 107.88 million. The firm has a 50 day moving average price of GBX 404.70 and a 200-day moving average price of GBX 396.29.

The firm also recently declared a dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Thursday, October 12th will be given a GBX 17 ($0.23) dividend. This is an increase from City of London Investment Group PLC’s previous dividend of $8.00. This represents a dividend yield of 4.04%. The ex-dividend date is Thursday, October 12th.

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City of London Investment Group PLC Company Profile

City of London Investment Group PLC is a United Kingdom-based institutional asset manager focused on closed-end fund investments. The Company offers developed, frontier, tactical asset allocation and private equity closed-end fund strategies. The Company’s clients include the United States based pension funds, foundations and endowments.

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