Finsbury Growth & Income Trust (LON:FGT) Share Price Crosses Above 50 Day Moving Average of $812.90

Finsbury Growth & Income Trust PLC (LON:FGTGet Rating)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 812.90 ($9.36) and traded as high as GBX 851 ($9.80). Finsbury Growth & Income Trust shares last traded at GBX 851 ($9.80), with a volume of 323,963 shares changing hands.

Finsbury Growth & Income Trust Trading Up 3.5 %

The business’s fifty day moving average is GBX 812.90 and its 200-day moving average is GBX 809.66. The stock has a market capitalization of £1.83 billion and a PE ratio of 1,736.73. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.85.

Finsbury Growth & Income Trust Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 4th. Shareholders of record on Thursday, September 29th were paid a dividend of GBX 9.80 ($0.11) per share. This is an increase from Finsbury Growth & Income Trust’s previous dividend of $8.30. This represents a yield of 1.19%. The ex-dividend date of this dividend was Thursday, September 29th. Finsbury Growth & Income Trust’s payout ratio is currently 35.51%.

Finsbury Growth & Income Trust Company Profile

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Finsbury Growth & Income Trust PLC is a closed ended equity mutual fund launched Frostrow Capital LLP. The fund is co-managed by Lindsell Train Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.

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