Canadian General Investments (TSE:CGI) Reaches New 1-Year High – Should You Buy?

Canadian General Investments (TSE:CGI) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$41.18 and last traded at C$41.02, with a volume of 4635 shares traded. The stock had previously closed at C$40.71.

Canadian General Investments Price Performance

The company has a market capitalization of C$857.55 million, a PE ratio of 5.26 and a beta of 1.18. The company has a quick ratio of 7.44, a current ratio of 6.79 and a debt-to-equity ratio of 13.42. The firm’s 50-day moving average is C$39.43 and its 200-day moving average is C$38.36.

Canadian General Investments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, November 29th. Canadian General Investments’s payout ratio is currently 12.80%.

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.