Canadian General Investments (TSE:CGI) Stock Passes Above 50 Day Moving Average of $38.56

Canadian General Investments (TSE:CGI)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$38.56 and traded as high as C$39.93. Canadian General Investments shares last traded at C$39.80, with a volume of 1,100 shares trading hands.

Canadian General Investments Stock Performance

The firm’s 50 day moving average is C$38.56 and its 200-day moving average is C$37.71. The stock has a market capitalization of C$830.23 million, a price-to-earnings ratio of 5.09 and a beta of 1.18. The company has a debt-to-equity ratio of 13.42, a quick ratio of 7.44 and a current ratio of 6.79.

Canadian General Investments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Friday, August 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Friday, August 30th. Canadian General Investments’s payout ratio is currently 12.79%.

About Canadian General Investments

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.