Caledonia Investments (LON:CLDN) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Caledonia Investments Plc (LON:CLDN) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 3,793.30 ($49.10) and traded as high as GBX 3,830 ($49.57). Caledonia Investments shares last traded at GBX 3,620 ($46.85), with a volume of 207,563 shares trading hands.

Caledonia Investments Stock Performance

The company has a market cap of £1.97 billion, a P/E ratio of 9.85 and a beta of 0.77. The business has a fifty day simple moving average of GBX 3,794.06 and a 200 day simple moving average of GBX 3,552.58.

Caledonia Investments Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 27th will be paid a dividend of GBX 95.80 ($1.24) per share. The ex-dividend date is Thursday, March 27th. This is a boost from Caledonia Investments’s previous dividend of $19.69. This represents a yield of 4.33%. Caledonia Investments’s dividend payout ratio (DPR) is 18.70%.

Insider Activity at Caledonia Investments

In other news, insider Mathew Masters sold 516 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 3,880 ($50.22), for a total transaction of £20,020.80 ($25,913.54). Also, insider William Wyatt purchased 135 shares of the stock in a transaction dated Thursday, February 6th. The shares were purchased at an average price of GBX 3,800 ($49.18) per share, with a total value of £5,130 ($6,639.92). Insiders own 40.16% of the company’s stock.

About Caledonia Investments

Caledonia is a FTSE 250 self-managed investment trust company with a long track record of delivering consistent returns and progressive annual dividend payments to shareholders.

Our aim is to generate long-term compounding real returns that outperform inflation by 3%-6% over the medium to long term, and the FTSE All-Share index over 10 years.

We are a long-term investor and hold investments in both listed and private markets across three pools: Public Companies, Private Capital and Funds.