Majedie Investments (LON:MAJE) Reaches New 1-Year High – What’s Next?

Majedie Investments (LON:MAJE) hit a new 52-week high on Tuesday . The stock traded as high as GBX 267.68 ($3.35) and last traded at GBX 267.68 ($3.35), with a volume of 36083 shares changing hands. The stock had previously closed at GBX 257 ($3.22).

Majedie Investments Stock Up 0.8 %

The company has a current ratio of 0.22, a quick ratio of 8.62 and a debt-to-equity ratio of 14.44. The stock’s 50-day moving average price is GBX 239.42 and its 200-day moving average price is GBX 237.75. The company has a market cap of £140.98 million, a P/E ratio of 858.06 and a beta of 0.87.

Majedie Investments Increases Dividend

The company also recently declared a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were issued a GBX 2.10 ($0.03) dividend. The ex-dividend date was Thursday, November 14th. This represents a yield of 0.92%. This is a positive change from Majedie Investments’s previous dividend of $2.00. Majedie Investments’s dividend payout ratio is presently 2,580.65%.

About Majedie Investments

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.