City of London Investment Group PLC (LON:CLIG) announced a dividend on Wednesday, July 19th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 12th will be paid a dividend of GBX 17 ($0.22) per share by the closed-end fund on Tuesday, October 31st. This represents a dividend yield of 4.04%. The ex-dividend date is Thursday, October 12th. This is a boost from City of London Investment Group PLC’s previous dividend of $8.00. The official announcement can be seen at this link.
Shares of City of London Investment Group PLC (LON CLIG) opened at 430.00 on Wednesday. The firm’s market capitalization is GBX 109.15 million. The stock’s 50 day moving average price is GBX 407.58 and its 200-day moving average price is GBX 398.17. City of London Investment Group PLC has a 52 week low of GBX 325.30 and a 52 week high of GBX 437.60.
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Several brokerages have recently commented on CLIG. N+1 Singer reiterated a “hold” rating on shares of City of London Investment Group PLC in a research report on Monday. Beaufort Securities reiterated a “long term buy” rating on shares of City of London Investment Group PLC in a research report on Friday, June 30th.
City of London Investment Group PLC Company Profile
City of London Investment Group PLC is a United Kingdom-based institutional asset manager focused on closed-end fund investments. The Company offers developed, frontier, tactical asset allocation and private equity closed-end fund strategies. The Company’s clients include the United States based pension funds, foundations and endowments.
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