City of London Investment Group PLC (LON:CLIG) Announces Dividend of GBX 20
City of London Investment Group PLC (LON:CLIG) announced a dividend on Monday, September 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 8th will be given a dividend of GBX 20 ($0.26) per share by the closed-end fund on Friday, October 30th. This represents a dividend yield of 5%. The ex-dividend date is Thursday, October 8th. This is a boost from City of London Investment Group’s previous dividend of $10.00. The official announcement can be viewed at this link.
LON CLIG opened at GBX 404 ($5.28) on Wednesday. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 8.73. City of London Investment Group has a 52-week low of GBX 264 ($3.45) and a 52-week high of GBX 479.52 ($6.27). The business’s 50-day moving average price is GBX 390.76 and its 200 day moving average price is GBX 345.84. The firm has a market cap of $107.31 million and a P/E ratio of 10.64.
In related news, insider Barry M. Olliff purchased 16,522 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average price of GBX 370 ($4.83) per share, with a total value of £61,131.40 ($79,879.00).
City of London Investment Group PLC is a publically owned investment manager. The firm provides client focused equity portfolios. It invests in public equity markets across the globe. The firm invests in small cap companies in emerging markets to create its portfolios. It uses combination of macroeconomic, qualitative, and top down company analysis to make its investments.
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