Canadian General Investments (TSE:CGI) Shares Down 1.3%

Canadian General Investments (TSE:CGI)’s stock price dropped 1.3% during trading on Friday . The stock traded as low as C$37.08 and last traded at C$37.08. Approximately 836 shares changed hands during trading, a decline of 86% from the average daily volume of 5,975 shares. The stock had previously closed at C$37.55.

Canadian General Investments Stock Down 1.3 %

The company has a current ratio of 6.79, a quick ratio of 7.44 and a debt-to-equity ratio of 13.42. The firm has a market cap of C$773.49 million, a P/E ratio of 4.74 and a beta of 1.18. The stock’s fifty day moving average is C$38.32 and its two-hundred day moving average is C$37.50.

Canadian General Investments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Friday, August 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.70%. 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.