Pershing Square (LON:PSH) Trading Down 1.5%

Pershing Square Holdings (LON:PSH)’s stock price was down 1.5% on Friday . The stock traded as low as GBX 3,448 ($45.34) and last traded at GBX 3,492 ($45.92). Approximately 176,473 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 175,063 shares. The stock had previously closed at GBX 3,546 ($46.63).

Pershing Square Stock Performance

The business’s 50-day moving average price is GBX 3,835.33 and its 200-day moving average price is GBX 3,976.79. The stock has a market cap of £6.43 billion, a P/E ratio of 331.31 and a beta of 0.97. The company has a debt-to-equity ratio of 19.50, a quick ratio of 8.65 and a current ratio of 22.15.

Pershing Square Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, November 14th. This represents a yield of 0.32%. This is an increase from Pershing Square’s previous dividend of $0.13. Pershing Square’s payout ratio is currently 436.43%.

About Pershing Square

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.