City of London Investment Group (CLIG) Releases Quarterly Earnings Results
City of London Investment Group (LON:CLIG) issued its quarterly earnings data on Monday. The closed-end fund reported GBX 20.20 ($0.28) earnings per share for the quarter, Digital Look Earnings reports. City of London Investment Group had a net margin of 30.71% and a return on equity of 59.71%. The company had revenue of £170.80 billion for the quarter.
City of London Investment Group (LON CLIG) traded up GBX 31 ($0.43) during mid-day trading on Monday, reaching GBX 450 ($6.22). 16,346 shares of the company traded hands, compared to its average volume of 14,362. The firm has a market capitalization of $116.82 and a price-to-earnings ratio of 1,216.22. City of London Investment Group has a 1-year low of GBX 358.25 ($4.95) and a 1-year high of GBX 448 ($6.19).
The company also recently announced a dividend, which will be paid on Friday, March 16th. Investors of record on Thursday, March 1st will be issued a GBX 9 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a yield of 2.07%.
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About City of London Investment Group
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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