Finsbury Growth & Income (LON:FGT) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Finsbury Growth & Income (LON:FGT) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 881.79 ($11.72) and traded as high as GBX 904 ($12.01). Finsbury Growth & Income shares last traded at GBX 898 ($11.93), with a volume of 102,391 shares trading hands.

Finsbury Growth & Income Price Performance

The business has a 50 day moving average price of GBX 881.53 and a two-hundred day moving average price of GBX 889.77. The stock has a market cap of £1.35 billion, a PE ratio of 14.90 and a beta of 0.52.

Finsbury Growth & Income Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Thursday, April 17th will be issued a GBX 1.80 ($0.02) dividend. This represents a yield of 3.4%. The ex-dividend date of this dividend is Thursday, April 17th. Finsbury Growth & Income’s dividend payout ratio (DPR) is currently 31.21%.

Finsbury Growth & Income Company Profile

The Company was founded in 1926 and Nick Train has managed the portfolio since his firm, Lindsell Train, was appointed as Portfolio Manager in 2000. Finsbury Growth & Income Trust PLC (“the Company”) invests principally in the securities of UK listed companies, whilst up to a maximum of 20% of the Company’s portfolio, at the time of acquisition, can be invested in quoted companies outside of the UK.