Canadian General Investments, Limited (TSE:CGI – Get Rating)'s stock price rose 0.4% on Friday . The company traded as high as C$33.09 and last traded at C$33.09. Approximately 900 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 4,216 shares. The stock had previously closed at C$32.95.
Analyst Ratings Changes
Separately, TD Securities upped their price target on shares of Canadian General Investments from C$135.00 to C$145.00 in a report on Thursday, December 22nd.
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The company has a debt-to-equity ratio of 7.45, a current ratio of 7.64 and a quick ratio of 7.44. The company has a market cap of C$690.26 million, a PE ratio of -2.71 and a beta of 1.25. The stock has a fifty day moving average price of C$33.37 and a 200-day moving average price of C$32.69.
Canadian General Investments Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.90%. This is an increase from Canadian General Investments's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, February 27th. Canadian General Investments's dividend payout ratio is presently -7.88%.
About Canadian General Investments
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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.
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