City of London Investment Group Plc (LON:CLIG) Plans Dividend of GBX 22

City of London Investment Group Plc (LON:CLIG) declared a dividend on Tuesday, September 24th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 22 ($0.29) per share by the closed-end fund on Thursday, November 7th. This represents a dividend yield of 6.11%. The ex-dividend date of this dividend is Thursday, October 3rd. This is a boost from City of London Investment Group’s previous dividend of $11.00. The official announcement can be seen at this link.

City of London Investment Group Stock Performance

LON CLIG opened at GBX 375 ($5.02) on Tuesday. City of London Investment Group has a fifty-two week low of GBX 300 ($4.01) and a fifty-two week high of GBX 385 ($5.15). The stock has a market cap of £183.19 million, a price-to-earnings ratio of 1,471.15 and a beta of 0.47. The business has a fifty day moving average of GBX 370.71 and a 200-day moving average of GBX 356.35. The company has a quick ratio of 2.68, a current ratio of 3.86 and a debt-to-equity ratio of 3.73.

City of London Investment Group Company Profile

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.