Majedie Investments (LON:MAJE) Hits New 12-Month High – Here’s What Happened

Majedie Investments (LON:MAJE) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 267.68 ($3.36) and last traded at GBX 267.68 ($3.36), with a volume of 36083 shares trading hands. The stock had previously closed at GBX 257 ($3.22).

Majedie Investments Stock Up 4.2 %

The firm has a 50 day simple moving average of GBX 237.69 and a two-hundred day simple moving average of GBX 237.32. The stock has a market capitalization of £141.87 million, a P/E ratio of 863.48 and a beta of 0.87. The company has a quick ratio of 8.62, a current ratio of 0.22 and a debt-to-equity ratio of 14.44.

Majedie Investments Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were given a dividend of GBX 2.10 ($0.03) per share. This is an increase from Majedie Investments’s previous dividend of $2.00. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 14th. Majedie Investments’s dividend payout ratio is currently 2,580.65%.

Majedie Investments Company Profile

Majedie Investments PLC is an investment trust founded in 1910 and managed by Marylebone Partners LLP.

Marylebone Partners combines investments from three complementary strategies sourced from around the globe into a single portfolio comprising hard-to-access special investments, external niche manager allocations and investments in publicly-listed companies.