Edinburgh Investment (LON:EDIN) to Issue Dividend of GBX 6.90

Edinburgh Investment (LON:EDIN) announced a dividend on Wednesday, April 24th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 2nd will be paid a dividend of GBX 6.90 ($0.09) per share on Friday, May 24th. This represents a dividend yield of 0.97%. The ex-dividend date is Thursday, May 2nd. This is an increase from Edinburgh Investment’s previous dividend of $6.70. The official announcement can be viewed at this link.

Edinburgh Investment Stock Up 0.7 %

Shares of EDIN opened at GBX 715.69 ($8.84) on Thursday. The stock has a market capitalization of £1.09 billion, a price-to-earnings ratio of 550.53 and a beta of 0.82. Edinburgh Investment has a 1 year low of GBX 612.70 ($7.57) and a 1 year high of GBX 718.12 ($8.87). The business’s 50 day simple moving average is GBX 678.64 and its 200-day simple moving average is GBX 668.88. The company has a debt-to-equity ratio of 10.70, a current ratio of 7.79 and a quick ratio of 3.88.

Insider Transactions at Edinburgh Investment

In other news, insider Elisabeth Stheeman acquired 551 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of GBX 668 ($8.25) per share, with a total value of £3,680.68 ($4,546.29). In related news, insider Annabel Tagoe-Bannerman purchased 732 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of GBX 682 ($8.42) per share, for a total transaction of £4,992.24 ($6,166.30). Also, insider Elisabeth Stheeman purchased 551 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of GBX 668 ($8.25) per share, for a total transaction of £3,680.68 ($4,546.29). Insiders own 3.59% of the company’s stock.

Edinburgh Investment Company Profile

The Edinburgh Investment Trust plc is a closed-ended equity mutual fund launched and managed by Majedie Asset Management Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth stocks of companies.