Pershing Square (LON:PSH) Hits New 12-Month Low – Here’s Why

Pershing Square Holdings (LON:PSH)’s share price hit a new 52-week low on Monday . The stock traded as low as GBX 3,100 ($39.96) and last traded at GBX 3,146 ($40.55), with a volume of 511467 shares trading hands. The stock had previously closed at GBX 3,372 ($43.46).

Pershing Square Stock Down 7.7 %

The company has a current ratio of 40.41, a quick ratio of 8.65 and a debt-to-equity ratio of 18.59. The business has a fifty day moving average of GBX 4,061.26 and a two-hundred day moving average of GBX 3,866.40. The company has a market cap of £7.12 billion, a price-to-earnings ratio of 3.26 and a beta of 0.97.

Pershing Square Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 19th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.16 per share. This is a positive change from Pershing Square’s previous dividend of $0.15. The ex-dividend date is Thursday, November 13th. This represents a dividend yield of 0.32%. Pershing Square’s dividend payout ratio (DPR) is 4.82%.

Pershing Square Company Profile

Pershing Square Holdings (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.