Pershing Square (LON:PSH) Stock Price Down 3% – What’s Next?

Pershing Square Holdings (LON:PSH) shares dropped 3% during mid-day trading on Monday . The stock traded as low as GBX 3,784.01 ($48.72) and last traded at GBX 3,794 ($48.85). Approximately 239,074 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 195,068 shares. The stock had previously closed at GBX 3,910 ($50.34).

Pershing Square Stock Performance

The firm has a market cap of £8.68 billion, a PE ratio of 3.98 and a beta of 0.97. The company has a 50 day simple moving average of GBX 4,204.74 and a 200-day simple moving average of GBX 3,841.75. The company has a debt-to-equity ratio of 18.59, a current ratio of 40.41 and a quick ratio of 8.65.

Pershing Square Increases Dividend

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