Global Opportunities Trust (LON:GOT) Hits New 1-Year High – Here’s Why

Shares of Global Opportunities Trust plc (LON:GOT) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 312 ($4.22) and last traded at GBX 306 ($4.14), with a volume of 51499 shares trading hands. The stock had previously closed at GBX 310 ($4.20).

Global Opportunities Trust Trading Down 1.3%

The firm’s 50 day simple moving average is GBX 293.56 and its 200-day simple moving average is GBX 289.87. The stock has a market capitalization of £89.41 million, a price-to-earnings ratio of 1,610.53 and a beta of 0.42.

Global Opportunities Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, June 5th will be paid a dividend of GBX 10 ($0.14) per share. This represents a dividend yield of 3.45%. This is an increase from Global Opportunities Trust’s previous dividend of $5.00. The ex-dividend date of this dividend is Thursday, June 5th. Global Opportunities Trust’s dividend payout ratio is currently 2,631.58%.

Insider Activity

In other news, insider Sandy Nairn bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average cost of GBX 282 ($3.82) per share, with a total value of £28,200 ($38,170.01). 38.90% of the stock is owned by corporate insiders.

About Global Opportunities Trust

EP Global Opportunities Trust plc is a closed-ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets across the globe. The fund seeks to invest in the stocks of companies operating across diversified sectors.