Pershing Square Inc. (NYSE:PS – Get Free Report) announced a quarterly dividend on Friday, October 2nd. Shareholders of record on Monday, October 12th will be given a dividend of $0.1030 per share on Tuesday, October 20th. This represents a $0.41 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, October 9th. This is a 15.6% decrease from Pershing Square’s previous quarterly dividend of $0.1220.
Pershing Square Stock Performance
Shares of PS opened at $59.74 on Wednesday. Pershing Square has a 1 year low of $22.01 and a 1 year high of $60.40. The stock has a 50 day moving average of $42.75. The firm has a market cap of $23.90 billion and a PE ratio of 426.71.
Pershing Square (NYSE:PS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $68.03 million during the quarter. As a group, analysts anticipate that Pershing Square will post 0.56 earnings per share for the current fiscal year.
About Pershing Square
Pershing Square USA, Ltd. is a closed-end investment company listed on the New York Stock Exchange under the symbol PS. The company is designed to provide investors with long-term capital appreciation through a concentrated portfolio of investments in publicly traded businesses.
The fund is managed by Pershing Square Capital Management, L.P., an investment management firm founded and led by William A. Ackman. Its investment approach generally emphasizes detailed fundamental research, activist engagement when appropriate, and ownership of a limited number of companies that the manager believes have durable business models, strong management teams, and long-term growth potential.
Pershing Square USA primarily focuses on publicly traded companies in the United States and other developed markets, with investment decisions centered on individual business fundamentals rather than broad market exposure.
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