Canadian General Investments (TSE:CGI) Trading 0.2% Higher

Canadian General Investments (TSE:CGIGet Free Report) shares were up 0.2% on Monday . The company traded as high as C$37.45 and last traded at C$37.25. Approximately 3,822 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 6,412 shares. The stock had previously closed at C$37.17.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered their target price on shares of Canadian General Investments from C$170.00 to C$163.00 in a research note on Thursday, May 2nd.

Read Our Latest Report on Canadian General Investments

Canadian General Investments Trading Up 0.8 %

The company has a quick ratio of 7.44, a current ratio of 7.53 and a debt-to-equity ratio of 15.08. The firm has a market capitalization of C$793.72 million, a price-to-earnings ratio of 4.56 and a beta of 1.17. The firm’s 50 day moving average is C$37.15 and its 200 day moving average is C$36.58.

Canadian General Investments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Friday, May 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.00 annualized dividend and a yield of 2.63%. Canadian General Investments’s dividend payout ratio (DPR) is presently 11.98%.

Canadian General Investments Company Profile

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Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.

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