Hipgnosis Songs Fund Limited to Issue Dividend of GBX 1.31 (LON:SONG)

Hipgnosis Songs Fund Limited (LON:SONGGet Rating) declared a dividend on Thursday, May 12th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 19th will be given a dividend of GBX 1.31 ($0.02) per share on Wednesday, June 15th. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, May 19th. The official announcement can be accessed at this link.

Shares of SONG opened at GBX 114.76 ($1.41) on Friday. Hipgnosis Songs Fund has a 52 week low of GBX 98.70 ($1.22) and a 52 week high of GBX 130.40 ($1.61). The firm has a market cap of £1.39 billion and a P/E ratio of 19,133.33. The firm’s 50-day simple moving average is GBX 117.05 and its 200 day simple moving average is GBX 120.38. The company has a debt-to-equity ratio of 36.28, a quick ratio of 8.39 and a current ratio of 8.39.

In related news, insider Andrew Sutch purchased 660 shares of the firm’s stock in a transaction that occurred on Tuesday, April 12th. The shares were acquired at an average price of GBX 119 ($1.47) per share, for a total transaction of £785.40 ($968.31).

About Hipgnosis Songs Fund (Get Rating)

Hipgnosis Songs Fund Limited is a closed-ended fund launched and managed by The Family (Music) Limited. The fund invests in songs and associated musical intellectual property rights, including master recordings and producer royalties. Hipgnosis Songs Fund Limited was formed in 2018 and is domiciled in Guernsey.

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Dividend History for Hipgnosis Songs Fund (LON:SONG)

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