Finsbury Growth & Income (LON:FGT) Raises Dividend to GBX 10.80 Per Share

Finsbury Growth & Income (LON:FGT) announced a dividend on Friday, September 20th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 3rd will be paid a dividend of GBX 10.80 ($0.14) per share by the investment trust on Friday, November 8th. This represents a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, October 3rd. This is an increase from Finsbury Growth & Income’s previous dividend of $8.80. The official announcement can be viewed at this link.

Finsbury Growth & Income Stock Down 1.2 %

FGT stock opened at GBX 852 ($11.25) on Friday. Finsbury Growth & Income has a 12-month low of GBX 788.71 ($10.42) and a 12-month high of GBX 876 ($11.57). The company has a quick ratio of 0.48, a current ratio of 5.68 and a debt-to-equity ratio of 2.01. The company has a market cap of £1.56 billion, a price-to-earnings ratio of 1,396.72 and a beta of 0.52. The company has a 50 day moving average of GBX 840.91 and a two-hundred day moving average of GBX 842.16.

Insiders Place Their Bets

In related news, insider Pars Purewal bought 17,802 shares of the business’s stock in a transaction on Monday, July 1st. The stock was bought at an average price of GBX 838 ($11.07) per share, for a total transaction of £149,180.76 ($197,068.38). Insiders own 5.83% of the company’s stock.

Finsbury Growth & Income Company Profile

Finsbury Growth & Income Trust PLC is a closed ended equity mutual fund launched Frostrow Capital LLP. The fund is co-managed by Lindsell Train Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.