Polar Capital Global Financials (LON:PCFT) Reaches New 12-Month High – Here’s What Happened

Polar Capital Global Financials (LON:PCFT)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 208.50 ($2.60) and last traded at GBX 207.50 ($2.58), with a volume of 482942 shares traded. The stock had previously closed at GBX 206.50 ($2.57).

Polar Capital Global Financials Trading Down 0.2 %

The firm’s 50-day simple moving average is GBX 196.92 and its 200-day simple moving average is GBX 185.68. The firm has a market capitalization of £625.70 million, a PE ratio of 556.76 and a beta of 0.98. The company has a quick ratio of 0.68, a current ratio of 17.44 and a debt-to-equity ratio of 12.23.

Polar Capital Global Financials Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, February 6th will be issued a dividend of GBX 2.20 ($0.03) per share. This represents a yield of 1.09%. The ex-dividend date of this dividend is Thursday, February 6th. Polar Capital Global Financials’s dividend payout ratio is presently 1,351.35%.

About Polar Capital Global Financials

Polar Capital Global Financials Trust plc is a UK investment trust launched in July 2013, co-managed by Polar Capital’s John Yakas, Nick Brind and George Barrow. The Trust was initially launched with a fixed term life but in April 2020 moved to 5-yearly tender offers with no fixed end of life. The first of the regular tender offers will be on or before 30 June 2025.

PCFT aims to select the best investment opportunities from the world of financials.