City of London (LON:CTY) Insider Acquires £39,652 in Stock

City of London (LON:CTY - Get Free Report) insider Sally Lake acquired 9,200 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average price of GBX 431 ($5.51) per share, with a total value of £39,652 ($50,667.01).

City of London Stock Performance

LON CTY opened at GBX 420 ($5.37) on Thursday. The company's 50 day simple moving average is GBX 442.38 and its two-hundred day simple moving average is GBX 434.89. The company has a debt-to-equity ratio of 7.40, a current ratio of 7.10 and a quick ratio of 0.50. City of London has a 1 year low of GBX 382.27 ($4.88) and a 1 year high of GBX 458.50 ($5.86). The stock has a market capitalization of £2.08 billion, a PE ratio of 7.07 and a beta of 0.66.

City of London Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Sunday, June 1st. Investors of record on Sunday, May 25th will be given a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Sunday, May 25th. This represents a dividend yield of 1.21%. City of London's dividend payout ratio (DPR) is presently 35.35%.

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