Canadian General Investments (TSE:CGI) Reaches New 12-Month High at $38.25

Canadian General Investments (TSE:CGI) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$38.25 and last traded at C$37.65, with a volume of 2640 shares. The stock had previously closed at C$37.25.

Canadian General Investments Price Performance

The company has a debt-to-equity ratio of 15.08, a quick ratio of 7.44 and a current ratio of 7.53. The stock’s 50 day simple moving average is C$36.30 and its two-hundred day simple moving average is C$35.20. The firm has a market capitalization of C$786.21 million, a PE ratio of 4.51 and a beta of 1.18.

Canadian General Investments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.25 dividend. This is a boost from Canadian General Investments’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. Canadian General Investments’s dividend payout ratio is 11.98%.

Canadian General Investments Company Profile

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.