City Merchants High Yield Trust Plc (LON:CMHY) declared a dividend on Monday, December 9th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 23rd will be given a dividend of GBX 2.50 ($0.03) per share on Tuesday, February 25th. This represents a yield of 1.29%. The ex-dividend date of this dividend is Thursday, January 23rd. The official announcement can be accessed at this link.
CMHY stock opened at GBX 193.79 ($2.55) on Wednesday. The firm has a 50-day moving average price of GBX 192.73 and a 200-day moving average price of GBX 189.36. City Merchants High Yield Trust has a 12 month low of GBX 1.82 ($0.02) and a 12 month high of GBX 194.50 ($2.56). The stock has a market capitalization of $192.46 million and a P/E ratio of 17.00.
In related news, insider Tim Scholefield bought 5,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of GBX 193 ($2.54) per share, for a total transaction of £9,650 ($12,694.03).
About City Merchants High Yield Trust
City Merchants High Yield Trust Limited is a closed-ended fixed income mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in fixed income markets across the globe. It primarily invests in high yield fixed income securities including preference shares, convertible and redeemable loan stocks, corporate bonds, and government bonds.
Further Reading: What is a Real Estate Investment Trust (REIT)?
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