Gulf Investment Fund (LON:GIF) Stock Price Down 1%

Gulf Investment Fund (LON:GIF)’s share price dropped 1% during mid-day trading on Tuesday . The stock traded as low as GBX 2.26 ($0.03) and last traded at GBX 2.27 ($0.03). Approximately 56,039 shares changed hands during mid-day trading, an increase of 295% from the average daily volume of 14,194 shares. The stock had previously closed at GBX 2.29 ($0.03).

Gulf Investment Fund Stock Performance

The stock’s 50-day moving average is GBX 2.25 and its 200 day moving average is GBX 2.33. The stock has a market capitalization of £940,390.00 and a PE ratio of 5.67.

Gulf Investment Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.05 per share. This is a positive change from Gulf Investment Fund’s previous dividend of $0.04. The ex-dividend date was Thursday, August 1st. This represents a dividend yield of 2.11%. Gulf Investment Fund’s dividend payout ratio (DPR) is presently 2,000.00%.

Gulf Investment Fund Company Profile

Qatar Investment Fund plc is a close-ended equity mutual fund launched and managed by Epicure Managers Qatar Limited. The fund is co-managed by Qatar Insurance Company SAQ. It invests in public equity markets of Qatar. The fund benchmarks the performance of its portfolio against Qatar Exchange Index.