City of London Investment Group PLC (LON:CLIG) declared a dividend on Wednesday, July 19th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 12th will be given a dividend of GBX 17 ($0.22) per share by the closed-end fund on Tuesday, October 31st. This represents a dividend yield of 4.04%. The ex-dividend date is Thursday, October 12th. This is a boost from City of London Investment Group PLC’s previous dividend of $8.00. The official announcement can be seen at this link.

City of London Investment Group PLC (LON CLIG) traded up 3.44% during trading on Wednesday, hitting GBX 420.50. 489 shares of the stock were exchanged. The company has a 50-day moving average price of GBX 402.11 and a 200 day moving average price of GBX 380.33. City of London Investment Group PLC has a 1-year low of GBX 314.50 and a 1-year high of GBX 420.50. The firm’s market capitalization is GBX 105.53 million.

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In other news, insider Barry M. Olliff sold 225,000 shares of City of London Investment Group PLC stock in a transaction on Thursday, May 25th. The stock was sold at an average price of GBX 400 ($5.22), for a total transaction of £900,000 ($1,175,241.58).

CLIG has been the subject of a number of research reports. Beaufort Securities reiterated a “long term buy” rating on shares of City of London Investment Group PLC in a research report on Friday, June 30th. N+1 Singer restated a “hold” rating and issued a GBX 378 ($4.94) price target on shares of City of London Investment Group PLC in a research report on Tuesday, April 11th.

About City of London Investment Group PLC

City of London Investment Group PLC is a United Kingdom-based institutional asset manager focused on closed-end fund investments. The Company offers developed, frontier, tactical asset allocation and private equity closed-end fund strategies. The Company’s clients include the United States based pension funds, foundations and endowments.

Dividend History for City of London Investment Group PLC (LON:CLIG)

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