Canadian General Investments (TSE:CGI) Shares Cross Above 50-Day Moving Average of $38.48

Canadian General Investments (TSE:CGI)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$38.48 and traded as high as C$39.12. Canadian General Investments shares last traded at C$39.12, with a volume of 2,673 shares traded.

Canadian General Investments Stock Up 0.7 %

The firm has a market capitalization of C$816.04 million, a P/E ratio of 5.00 and a beta of 1.18. The company has a debt-to-equity ratio of 13.42, a quick ratio of 7.44 and a current ratio of 6.79. The firm’s 50-day moving average is C$38.48 and its 200 day moving average is C$37.57.

Canadian General Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Friday, August 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.56%. Canadian General Investments’s dividend payout ratio (DPR) is 12.79%.

Canadian General Investments Company Profile

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.