F&C Investment Trust (LON:FCIT) Hits New 12-Month High at $1,034.00

F&C Investment Trust PLC (LON:FCIT)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,034 ($12.99) and last traded at GBX 1,028 ($12.91), with a volume of 337864 shares changing hands. The stock had previously closed at GBX 1,022 ($12.84).

F&C Investment Trust Price Performance

The firm has a market capitalization of £5.23 billion, a price-to-earnings ratio of 1,584.62 and a beta of 0.62. The company has a quick ratio of 3.92, a current ratio of 6.03 and a debt-to-equity ratio of 12.13. The stock’s 50 day moving average price is GBX 988.09 and its two-hundred day moving average price is GBX 951.86.

F&C Investment Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, April 11th will be paid a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from F&C Investment Trust’s previous dividend of $3.40. This represents a dividend yield of 0.46%. F&C Investment Trust’s dividend payout ratio (DPR) is 2,153.85%.

Insider Activity

In other news, insider Beatrice Hollond acquired 101 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of GBX 983 ($12.35) per share, for a total transaction of £992.83 ($1,247.27). 0.77% of the stock is owned by corporate insiders.

About F&C Investment Trust

F&C Investment Trust PLC operates closed ended fund. Its objective is to secure long term growth in capital and income from an international investment portfolio. F&C Management Limited manages the investment portfolio of the company. The company is based in London, the United Kingdom.