Polar Capital Global Financials (LON:PCFT) Posts Quarterly Earnings Results

Polar Capital Global Financials (LON:PCFT) announced its quarterly earnings data on Thursday. The company reported GBX 5.31 ($0.07) earnings per share for the quarter, Digital Look Earnings reports. Polar Capital Global Financials had a net margin of 91.44% and a return on equity of 22.02%.

Polar Capital Global Financials Trading Down 1.0 %

Polar Capital Global Financials stock traded down GBX 2.11 ($0.03) during midday trading on Thursday, reaching GBX 205.89 ($2.59). The stock had a trading volume of 500,304 shares, compared to its average volume of 931,194. The company has a quick ratio of 0.68, a current ratio of 17.44 and a debt-to-equity ratio of 12.23. The firm has a market cap of £627.78 million, a price-to-earnings ratio of 5.48 and a beta of 0.98. The company has a fifty day moving average of GBX 198.26 and a 200 day moving average of GBX 186.98. Polar Capital Global Financials has a 52-week low of GBX 153.30 ($1.93) and a 52-week high of GBX 209 ($2.63).

Polar Capital Global Financials Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, February 6th will be given a dividend of GBX 2.20 ($0.03) per share. This represents a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, February 6th. Polar Capital Global Financials’s dividend payout ratio is 13.31%.

Polar Capital Global Financials Company Profile

Polar Capital Global Financials Trust plc is a UK investment trust launched in July 2013, co-managed by Polar Capital’s John Yakas, Nick Brind and George Barrow. The Trust was initially launched with a fixed term life but in April 2020 moved to 5-yearly tender offers with no fixed end of life. The first of the regular tender offers will be on or before 30 June 2025.

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