Pershing Square (LON:PSH) Reaches New 52-Week High – Here’s What Happened

Pershing Square Holdings (LON:PSH)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 57.10 ($0.72) and last traded at GBX 4,524.44 ($56.93), with a volume of 81375 shares changing hands. The stock had previously closed at GBX 4,505.32 ($56.69).

Pershing Square Price Performance

The company has a 50 day moving average price of GBX 4,098.54 and a 200-day moving average price of GBX 3,784.81. The company has a quick ratio of 8.65, a current ratio of 40.41 and a debt-to-equity ratio of 18.59. The company has a market cap of £10.39 billion, a price-to-earnings ratio of 4.76 and a beta of 0.97.

Pershing Square Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 19th. Shareholders of record on Thursday, November 13th will be given a $0.16 dividend. This is a boost from Pershing Square’s previous dividend of $0.15. This represents a yield of 0.32%. The ex-dividend date is Thursday, November 13th. Pershing Square’s dividend payout ratio is 4.82%.

About Pershing Square

Pershing Square Holdings (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.