City of London Investment Group (LON:CLIG) Trading Down 3.8% – Here’s What Happened

City of London Investment Group Plc (LON:CLIG) shares fell 3.8% on Wednesday . The company traded as low as GBX 372 ($4.75) and last traded at GBX 377 ($4.81). 7,526 shares were traded during trading, a decline of 82% from the average session volume of 42,341 shares. The stock had previously closed at GBX 392 ($5.00).

City of London Investment Group Stock Performance

The stock has a market capitalization of £184.16 million, a price-to-earnings ratio of 1,450.00 and a beta of 0.47. The company has a current ratio of 3.86, a quick ratio of 2.68 and a debt-to-equity ratio of 3.73. The firm has a 50-day moving average of GBX 380.54 and a 200-day moving average of GBX 373.94.

City of London Investment Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 3rd were paid a GBX 22 ($0.28) dividend. This represents a dividend yield of 6.11%. This is a boost from City of London Investment Group’s previous dividend of $11.00. The ex-dividend date was Thursday, October 3rd. City of London Investment Group’s dividend payout ratio (DPR) is presently 12,692.31%.

About City of London Investment Group

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.