Finsbury Growth & Income (LON:FGT) Hits New 52-Week Low – Here’s What Happened

Finsbury Growth & Income (LON:FGT) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 796 ($10.26) and last traded at GBX 796 ($10.26), with a volume of 804912 shares changing hands. The stock had previously closed at GBX 844 ($10.88).

Finsbury Growth & Income Stock Performance

The stock has a market capitalization of £1.20 billion, a price-to-earnings ratio of 13.22 and a beta of 0.52. The business has a fifty day simple moving average of GBX 915.51 and a 200 day simple moving average of GBX 887.91.

Finsbury Growth & Income Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 9th. Investors of record on Thursday, April 17th will be paid a GBX 1.80 ($0.02) dividend. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 3.4%. Finsbury Growth & Income’s dividend payout ratio (DPR) is presently 31.21%.

About Finsbury Growth & Income

The Company was founded in 1926 and Nick Train has managed the portfolio since his firm, Lindsell Train, was appointed as Portfolio Manager in 2000. Finsbury Growth & Income Trust PLC (“the Company”) invests principally in the securities of UK listed companies, whilst up to a maximum of 20% of the Company’s portfolio, at the time of acquisition, can be invested in quoted companies outside of the UK.