The City of London Investment Trust plc to Issue Dividend of GBX 3 (LON:SAIN)

The City of London Investment Trust plc (LON:SAIN) declared a dividend on Friday, July 31st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 13th will be paid a dividend of GBX 3 ($0.04) per share on Friday, September 18th. This represents a dividend yield of 0.73%. The ex-dividend date is Thursday, August 13th. The official announcement can be viewed at this link.

Shares of LON SAIN traded down GBX 5 ($0.06) during midday trading on Friday, hitting GBX 412 ($5.07). 162,247 shares of the company’s stock were exchanged. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 13.64. The City of London Investment Trust has a 12 month low of GBX 4.12 ($0.05) and a 12 month high of GBX 443 ($5.45). The business has a 50 day moving average of GBX 417.72. The company has a market capitalization of $613.49 million and a price-to-earnings ratio of 5.52.

In other The City of London Investment Trust news, insider Eric M. Hagman bought 29,700 shares of The City of London Investment Trust stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of GBX 401 ($4.93) per share, for a total transaction of £119,097 ($146,562.88).

The City of London Investment Trust Company Profile

The Scottish American Investment Company P.L.C. is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co and OLIM Property Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.

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